Chemical Engineering Basics

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
  • B. 7.6
  • C. 10.3
  • D. 15.2
Answer: Option A.

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