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The original cost of an equipment is Rs.10,000/-. Its salvage value at the end of its total useful life of five years is Rs. 1,000/-. Its book value at the end of two years of its useful life (as per straight line method of evaluation of depreciation) will be | |
A. | Rs. 8,800/- [Wrong Answer] |
B. | Rs. 7,600/- [Wrong Answer] |
C. | Rs. 6,400/- [Correct Answer] |
D. | Rs. 5,000/- [Wrong Answer] |