Multiple choice

The value of a machine on 1 April, 2010 was Rs. 29,16,000. It was purchased on 1 April, 2007 and was being depreciated at 10% by diminishing balance method. Find its original cost.

  1. Rs. 40,00,000

  2. Rs. 32,40,000

  3. Rs. 36,00,000

  4. Rs. 29,16,000

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

29, 16, 000*100/90*100/90*100/90 = Rs. 40, 00, 000