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Which three points should be kept in mind while calculating depreciation according to straight-line method?

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Which three points should be kept in mind while calculating depreciation according to straight-line method?

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For finding out the depreciation according to straight-line method, following three points should be kept in mind :

  1. Cost price of the asset,
  2. Scrap value of the asset and
  3. Number of years of useful life.
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