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An old building has been purchased by a person at a cost of Rs.30000/- excluding the cost of the land. Calculate the amount of annual sinking fund at 4% interest assuming the future lie of the building as 20 years and the scrap value of the building as 10% of the cost of purchase.(a) Rs.979.7(b) Rs.4387.20(c) Rs.107.20(d) Rs.907.20I had been asked this question in an interview for internship.This key question is from Values, Tax, Funds & Rents etc in section Valuation, Reports Technical and Design Data of Civil Engineering Drawing |
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Answer» Correct OPTION is (d) Rs.907.20 |
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