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A company has purchased a bus for its officers for Rs

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A company has purchased a bus for its officers for Rs. 10,00,000. The expected life of the bus is eight years. The salvage value of the bus at the end of its life is Rs. 1,50,000. Find the following using the sinking fund method of depreciation:

(a) Depreciation at the end of the third and fifth year

(b) Book value at the end of the second year and sixth year

Give steps in detail.