Question 56
EasyOriginal questionA factory buys a machine for ₹6,00,000. It is expected to last 8 years and then fetch ₹40,000 as scrap. The factory uses the straight-line method.
What is the machine's book value after 3 years?
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Three years of depreciation: .
rupees.
Worth noting
₹2,10,000 is the depreciation so far, not the value left.
- Concept
- Book value
- Typical timeTypical
- 90 s
- Your timeYours
- —
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