A machine costing Rs. 10 lakhs, was purchased on 1-4-2014. The expected life of the machine is 10 years. At the end of this period its scrap value is likely to be Rs. 10,000. The total cost of all the machines including new one was Rs. 90 lakhs. The other information is given as follows: i. Working hours of the machine for the year was 4,200 including 200 non- productive hours. ii. Repairs and maintenance for the new machine during the year was Rs. 5,000. iii. Insurance premium was paid for all the machine Rs. 9,000 iv. New machine consumes 8 units of electricity per hour, the rate per unit being Rs. 3.75 v. The new machine occupies 1/10" area of the department. Rent of the department is Rs. 2,400 per month. vi. Depreciation is charged on straight line basis Compute machine hour rate for the new machine