From the following information, calculate the MHR. 1. Cost of asset: Rs 1,05,000 with a scrap value
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From the following information, calculate the MHR.
1. Cost of asset: Rs 1,05,000 with a scrap value of Rs 15,000 at the end of its working life 2. Installation charges: Rs 10,000 3. Life of asset: 10 years at 2,000 working hours per year 4. Repair charges: 50% of depreciation 5. Lubricating oil: Rs 2 per day of 8 hours 6. Consumable stores at Rs 10 per day of 8 hours 7. Direct wages of operator at Rs 4 per day 8. Consumption of electric power: 10 units per hour at 7 paise per unit
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