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A new machine was imported by Nishtha Ltd. from South Korea for Rs. 7,00,000 and 20% p.a. depreciation is charged as per reducing balance method. The book value of the machine at the end of the second year would be ......

a. Rs. 4,84,000 

b. Rs. 4,48,000 

c. Rs. 4,64,000 

d. Rs. 4,72,000

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(b). Rs. 4,48,000

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