Question: 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]. 6.7
7.6
[A]. 6.7
[B].
[C].
10.3[D].
15.2Answer: Option A
Explanation:
No answer description available for this question.