A machine is depreciated at the rate of 20% on reducing balance. The original cost of the machine was 1,00,000 and its ultimate scrap value was ₹30,000. athe effective life of the machine is
a)4.5yrs (appx.)
b)5.4yrs (appx.)
c)5yrs (appx.)
d)None of these
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Answer:
a
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