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A company purchased two machines, Machine A and Machine B, at the same time. The purchase price, estimated useful life and the estimated salvage value of the two machines are given in the table. Machine A Machine B Purchase price INR 20,000 INR 15,000 Estimated useful life 10 years 20 years Estimated salvage value INR 5,000 INR 5,000
Using the straight-line depreciation method for both the machines, the difference (in INR) between the value of Machine A and the value of Machine B at the end of five years is _____ . (Answer in integer)
A company purchased two machines, Machine A and Machine B, at the same time. The purchase price, estimated useful life and the estimated salvage value of the two machines are given in the table.
Using the straight-line depreciation method for both the machines, the difference (in INR) between the value of Machine A and the value of Machine B at the end of five years is _____ . (Answer in integer)
| Machine A | Machine B | |
|---|---|---|
| Purchase price | INR 20,000 | INR 15,000 |
| Estimated useful life | 10 years | 20 years |
| Estimated salvage value | INR 5,000 | INR 5,000 |
Updated On: Jul 17, 2024
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