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A machine, the life of which is estimate to be 10 years, costs Rs. 10,000. Calculate its scrap value at the end of its life, depreciation on the reducing installment system being charged at 10% per annum.
A machine, the life of which is estimate to be 10 years, costs Rs. 10,000. Calculate its scrap value at the end of its life, depreciation on the reducing installment system being charged at 10% per annum.
Solution
Previous article: A man borrows Rs. 20,000 at 4% C.I. and agrees to pay both the principal and the interest in 10 equal annual installments at the end of each year, find the amount of these installments.
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Next article: (a) Find the number of years and the fraction of a year in which a sum of money will treble itself at compound interest at 8 per cent per annum. (b) In what time will a sum of Rs. 1234 amount to Rs. 5678 at 8% p.a. compound interest, payable quarterly?
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More In
Plant Assets, Natural Resources, and Intangible Assets
Sets
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Accounting Information Systems
The Recording Process
Standard Costs and Balanced Scorecard
Accounting for Merchandising Operations
Arithmetic and Geometric Progressions
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Accounting for Receivables
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Measures of Central Tendency and Dispersion in Frequency Distributions
Probability Distributions
Accounting in Action
Statement of Cash Flows
Cost of Capital
Investments
Current Liabilities and Payroll Accounting
Adjusting the Accounts
Estimation
Sampling and Sampling Distributions
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