A machinery was purchased on 1st January 1999 and was depreciated at the rate of 10% on diminishing balance method. It was sold on 31st March 2001 when its value was Rs. 67,129 what was its value on 1st January 1999?
A. Rs. 90,000
B. Rs. 85,000
C. Rs. 82,000
D. None of the above
Answer: Option B
This Question Belongs to Commerce >> Accounting
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