Maharashtra State BoardHSC Commerce 11th
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Answer in One Sentence only: What is Fixed Instalment Method? - Book Keeping and Accountancy

One Line Answer

Answer in One Sentence only:

What is Fixed Instalment Method?

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Solution

The method in which depreciation is charged at a specific rate on the original cost of the asset every year, so as to reduce the asset account to nil or to its scrap value at the end of its estimated life is known as Fixed Instalment Method.

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