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Question
List out the various methods of depreciation.
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Solution
- Straight-line method or fixed installment method or Original cost method.
- Written down value method or Diminishing balance method or Reducing balance method.
- Sum of years digits method.
- Machine hour rate method.
- Depletion method.
- Annuity method.
- Revaluation method.
- Sinking fund method.
- Insurance Policy method.
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