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A machine is depreciated at the rate of 20% on reducing balance. The original cost of the machine was â?¹100000 and it's ultimate scarp value was â?¹ 30000. The effective life of the machine is ?

? ???l lo??? ?

CA Foundation

★ 930

17-Jul-22 06:06

798

Answers (7)

Best Answer

3.5 years approx

Shankari C

CA Inter

★ 3K+

18-Jul-22 13:57

Shankari C

3.5 years approx

Thanks but can you explain me how?? Please

Thread Starter

? ???l lo??? ?

CA Foundation

★ 930

18-Jul-22 14:00

Shankari C

3.5 years approx

Because the answer is 5.4 year approx

Thread Starter

? ???l lo??? ?

CA Foundation

★ 930

18-Jul-22 14:03

Thread Starter

? ???l lo??? ?

Because the answer is 5.4 year approx

I calculated it roughly.You maybe correct.Use the formula and derive.Let me know how you got it

Shankari C

CA Inter

★ 3K+

18-Jul-22 14:04

Shankari C

I calculated it roughly.You maybe correct.Use the formula and derive.Let me know how you got it

See

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Thread Starter

? ???l lo??? ?

CA Foundation

★ 930

18-Jul-22 14:36

Thread Starter

? ???l lo??? ?

See

Yes correct

Shankari C

CA Inter

★ 3K+

18-Jul-22 14:38

Thread Starter

? ???l lo??? ?

See

Same doubt to me also , thanks for your clarification .

Vignesh Psv

CA Foundation

★ 8K+

21-Jul-22 08:21