A company purchased a machine for ₹ 15,00,000 and its effective life is estimated to be 10 years. A sinking fund is created for replacing the machine…
CUET UG 2025 — Mathematics Statistics & Applications
A company purchased a machine for ₹ 15,00,000 and its effective life is estimated to be 10 years. A sinking fund is created for replacing the machine at the end of its effective life when its scrap value is ₹ 2,42,000. What amount company should provide, at the end of every year out of profits for the sinking fund if it accumulates an interest of 5% per annum? [Given(1.05)¹⁰=1.629]
Held on 3 Jun 2025 · Verified 13 Jul 2026.
Options
- A
₹ 6,2900
- B
₹ 1,00,000
- C
₹ 1,20,000
- D
₹ 1,06,290
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