An equipment has been purchased for Rs. 120 and is estimated to have 10 years life and a scrap value of Rs. 20/- at the end of life. The book value of the equipment at the end of sixth year then the interest rate is 5% (using declining balance methods) will be:

An equipment has been purchased for Rs. 120 and is estimated to have 1

1.	An equipment has been purchased for Rs. 120 and is estimated to have 10 years life and a scrap value of Rs. 20/- at the end of life. The book value of the equipment at the end of sixth year then the interest rate is 5% (using declining balance methods) will be:
A.	Rs. 40.95
B.	Rs.51.25
C.	55.00
D.	Rs. 59.25
Answer» E.

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An equipment has been purchased for Rs. 120 and is estimated to have 10 years life and a scrap value of Rs. 20/- at the end of life. The book value of the equipment at the end of sixth year then the interest rate is 5% (using declining balance methods) will be:

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