General Manager Finanace cum Finance Executive

General Manager Finanace cum Finance Executive Interview Questions and Answers

Updated 27 Mar 2018

Q1. What is the rate of depreciation

Ans.

Depreciation rate is the percentage at which an asset loses its value over time.

  • Depreciation rate is determined by factors such as the asset's useful life, salvage value, and method of depreciation.

  • Common methods of depreciation include straight-line, declining balance, and units of production.

  • For example, if a company purchases a machine for $10,000 with a useful life of 5 years and no salvage value, the annual depreciation rate would be 20% ($10,000 / 5 years).

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