Chapter:

Construction-Management-mcqs

An earth moving equipment costs Rs. 5,00,000 and has an estimated life of 10 years and a salvage value of Rs. 50,000. What uniform annual amount must be set aside at end of each of 10 years for replacement if interest rate is 8% per annum and if sinking fund factor at 8% per annum interest rate for 10 years is 0.069?