Heat Engines MCQ: A plant costing Rs. 80,000 has a useful life of 12 years. The amount that should be saved annually to replace the equipment at the end of useful life with salvage value of Rs. 8,000 should be

A plant costing Rs. 80,000 has a useful life of 12 years. The amount that should be saved annually to replace the equipment at the end of useful life with salvage value of Rs. 8,000 should be

Correct Answer: Rs. 6000

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