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This question belongs to Chemical Engineering Chemical Engineering Basics

Chemical Engineering Basics

?

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.

A) 6.7 B) 7.6 C) 10.3 D) 15.2

Answer & Solution

Correct Answer: Option A

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Question posted by Examveda

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