Problem: Problem:

The equipment in a power station costs Tk $15,60,000$ and has a

salvage value of Tk $60,000$ at the end of $25$ years. Determine the

depreciated value of the equipment at the end of $20$ years on the

following methods :

$($i$)$ Straight line method ;

$($ii$)$ Diminishing value method;

$($iii$)$ Sinking fund method at $5\%$ compound interest annually

Assignment

The equipment in a power station costs Tk $15,60,000$ and has a

salvage value of Tk $60,000$ at the end of $25$ years. Determine the

depreciated value of the equipment at the end of $20$ years on the

following methods :

$($i$)$ Straight line method ;

$($ii$)$ Diminishing value method ;

$($iii$)$ Sinking fund method at $5\%$ compound interest annually

Note: From Above Question, $"$Tk$"$ is a Bangaldeshi Currency