sir please give answer to these doubts
1.Rtp 2015 qustion no 7 in answer how we getting the depreciation amount 64000
2.formula for effective cost of factoring and effective rate of interest of factoring the firm
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Replies (4)
600000-200000-(600000*0.04*14)= 64000
cost of machine = 600000
1st year depn = 200000
next 14 years depn = 600000*0.04*14
hope that helps
please make more clear.
600000*4%*14 came to 336000
336000 is depreciation for 14 years
cost - depreciation = scrap value
600000-200000-336000= 64000
thank you for kind information.please provide answer for second part
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