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| Q.59 | If P is the capital cost of equipment, n is the useful life of the equipment in years, S is the scrap value and x is annual unit depreciation, then using diminishing value method: | |
| Ans | 1. S = P(1 – x) | |
| 2. S = P(1-x)n | ||
| 3. S = P(1 + x) | ||
| 4. P = S(1-x)(n-1) |
Correct Ans Provided: 2
