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| Q.6 | An old factory shed was purchased by a businessman at a cost of ₹10 lakh. Calculate the amount of annual instalment of sinking fund required by assuming a coefficient of sinking fund equal to 0.05 and the scrap value of the building as 10% of the cost of purchase. | |
| Ans | A. ₹36,850 | |
| B. ₹28,500 | ||
| C. ₹45,000 | ||
| D. ₹42,645 |
Correct Ans Provided: C
