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Precision Engineers Ltd Is considering a proposal to replace one of its machines The following data is available regarding the same a The machine was purchased 4 years ago for Rs15 lacs and has

Precision Engineers Ltd. Is considering a proposal to replace one of its

machines. The following data is available regarding the same:

a. The machine was purchased 4 years ago for Rs.15 lacs and has been

depreciated at 25% p.a. as per the WDV method. The machine has a

remaining life of 5 years, after which its salvage value is expected to be

Rs.0.80 lacs. Its present salvage value is Rs.6.0 lacs.

b. The new machine costs Rs.22lacs, and would be depreciated at 40% p.a. as

per WDV method. Its expected life is 8 years and after 5 years it is expected

to fetch Rs.6 lacs. The installation of this machine will increase the annual

revenue by Rs.5 lacs, apart from decreasing the operational costs by Rs.1.10

lacs per annum.

Assume no change in the depreciation rate if old machine is continued to be used.

If the company uses a discounting factor of 17% p.a. for calculating the present

value of future cash flow, should it go for the replacement of existing machine with

the new machine? Marginal tax rate of the company is 20%.

May 30 2020 View more View Less

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