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.

An old building has been purchased by a person at a cost of Rs.30000/-

1.	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.907.20
Answer» E.

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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.

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.

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