Determine the present value of a building that was constructed 30 years ago at Rs. 50,000. The estimated life of the building is 50 years, at the end of which it will have 10% scrap value of its cost of construction. Depreciation is to be calculated by straight line method.

Determine the present value of a building that was constructed 30 year

1.	Determine the present value of a building that was constructed 30 years ago at Rs. 50,000. The estimated life of the building is 50 years, at the end of which it will have 10% scrap value of its cost of construction. Depreciation is to be calculated by straight line method.
A.	Rs. 24,000
B.	Rs. 25,000
C.	Rs. 23,000
D.	Rs. 15,000
Answer» D. Rs. 15,000

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Determine the present value of a building that was constructed 30 years ago at Rs. 50,000. The estimated life of the building is 50 years, at the end of which it will have 10% scrap value of its cost of construction. Depreciation is to be calculated by straight line method.

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