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

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Chemical Engineering Basics - Engineering

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.

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Chemical Engineering Basics - Engineering

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.

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