Q. A machine costs Rs. 20000 and its useful life is 8 years. The money is borrowed at 8% interest per annum. The capital recovery factor at 8% interest per annum for 8 years is 0.174. The annual equipment cost of the machine will be (Solved)
1. Rs. 1740
2. Rs. 3480
3. Rs. 5220
4. Rs. 6960
- b. Rs. 3480