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A machine is expected to sell for Rs 6,000 after 10 years, with Rs 1,000 disposal expenses. Net residual value?
ARs 6,000
BRs 7,000
CRs 5,000
DRs 1,000
Answer & Solution
Correct answer: C. Rs 5,000
Net residual value is the expected sale value less disposal expenses: 6,000 minus 1,000 is 5,000.
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