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A machine costs Rs. 520000 with an estimated life of 25 years. A sinking fund is created to replace it by a new model at 25% higher cost after 25 years with a scrap value realization of Rs. 25000. What amount should be set aside every year if the sinking fund investments accumulate at 3.5% compound interest p.a.?a)16000b)16500c)16050d)6005Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A machine costs Rs. 520000 with an estimated life of 25 years. A sinking fund is created to replace it by a new model at 25% higher cost after 25 years with a scrap value realization of Rs. 25000. What amount should be set aside every year if the sinking fund investments accumulate at 3.5% compound interest p.a.?a)16000b)16500c)16050d)6005Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A machine costs Rs. 520000 with an estimated life of 25 years. A sinking fund is created to replace it by a new model at 25% higher cost after 25 years with a scrap value realization of Rs. 25000. What amount should be set aside every year if the sinking fund investments accumulate at 3.5% compound interest p.a.?a)16000b)16500c)16050d)6005Correct answer is option 'C'. Can you explain this answer?.

Solutions for A machine costs Rs. 520000 with an estimated life of 25 years. A sinking fund is created to replace it by a new model at 25% higher cost after 25 years with a scrap value realization of Rs. 25000. What amount should be set aside every year if the sinking fund investments accumulate at 3.5% compound interest p.a.?a)16000b)16500c)16050d)6005Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

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