Q1777
A machinery was purchased on 1st January 1999 and was depreciated at the rate of 10% on diminishing balance method. It was sold on 31st March 2001 when its value was Rs. 67,129 what was its value on 1st January 1999?
A.
Rs. 90,000
B.
Rs. 85,000
AnswerC.
Rs. 82,000
D.
None of the above
Answer: Option B
Solution
Answer: Option B
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