Question

A machine was purchased for Rs.40000/- the useful life of machine is 15 years. The scrap value of the machine is Rs.1000/- after 5 years, the machine was sold for Rs.24000/-. If depreciation was set aside by sinking fund method, the rate of interest @ 8%, determine the extra capital needed to purchase the new machine for Rs.50000/-.​

Answer 1

Answer:

1000×5

5000×24000

12000000000