Question: need step by step and proper handwritten solution sir / ma'am 4. A process plant has an initial investment of Rs.50 lakhs. The estimated salvage

need step by step and proper handwritten solution sir / ma'am

4. A process plant has an initial investment of Rs.50 lakhs. The estimated salvage value is Rs.2 lakhs. It has a life of 8 years. Estimate the book value of the plant after 5 years by (a) Straight line depreciation method (b) Declining balance method and (c) Sinking fund method with a sinking fund interest rate of 10%

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