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For charging depreciation on an asset

(a) Installation charges are deducted and scrap value is added to the cost.

(b) Installation charges and scrap value are added to its cost.

(c) Installation charges are added and scrap value is deducted from the cost.

(d) Installation charges and scrap value are deducted from its cost.

1 Answer

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Best answer

Correct answer is (c) Installation charges are added and scrap value is deducted from the cost.

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