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Reported Question / Answer
Q.) Pick out the correct statement.
1)
Unamortised cost is the difference between the original cost of a property and all the depreciation charges made to date
2)
Difference between income and expense is termed as gross revenue.
3)
Scrap value is the net amount of money obtainable from the sale of used property over and above any charges involved in its removal & sale
4)
Sum-of-the-years-digits methods of depreciation calculation accounts for the interest on the investment.
5)
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