A machine was purchased on 1st January 1992 for Rs. 5,00,000. A further sum of Rs. 5,000 for railway freight, Rs. 500 for local carriage and Rs. 5,000 on installation was spent on it. Depreciation is to be charged at 10% per annum on the written-down value method. On 31st December 1994 the book-value of the machinery will be:
A. Rs. 3,64,500.00
B. Rs. 3,68,145.00
C. Rs. 3,72,154.00
D. Rs. 3,50,000.00
Answer: Option C
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