Question
An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at the end of each of the 10 years for replacement if the interest rate is 8% per annum and if the sinking fund factor at 8% per annum interest rate for 10 years is 0.069?
Answer: Option A
Submit Your Solution Below and Earn Points !
Submit Your Solution Below and Earn Points !
More Questions on This Topic :
Question 3. A dummy activity....
Question 4. A Milestone chart....
Question 7. Batching refers to....
Question 8. Military organization is known as....
Submit Solution