Category: IC46 GENERAL INSURANCE ACCOUNTS PREPARATION – 26

Que. 1 : Q1) PQR Company Ltd obtained a machine for Rs.1000000 with its useful life of 8 years on 01.04.2006. Replacement was to be done after 8 years by setting up a Depreciation Fund. Interest rate is 6% p.a. Calculate annual investment/ Sinking Fund?    1.  a) Rs.82.365    2.  b) Rs.96.368    3.  c) Rs.1,01,035    4.  d) Rs.1,21,369 Que. 2 : Q2) […]