A machine having assumed life of 20 years is purchased for Rs 32000/-. Its scrap

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Question

A machine having assumed life of 20 years is purchased for Rs 32000/-. Its scrap value at the end of its life is Rs 8000/-. If the depreciation is calculated by diminishing balance method, then percentage reduction in its value at the end of first year is __________ percent.

Options:

A . 6.7

B . 7.6

C . 10.3

D . 15.2

Answer: Option A

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