Mohan purchased a machinery amounting Rs.10,00,000 on 1st April, 2001. On 31st March, 2016, similar machinery could be purchased for Rs.20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs.15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs.12,00,000.
what is the current cost of the machinery?
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Mohan purchased a machinery amounting Rs.10,00,000 on 1st April, 2001. On 31st March, 2016, similar machinery could be purchased for Rs.20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs.15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs.12,00,000.
what is the current cost of the machinery?..
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