A company may obtain a machine either by leasing it for 5 years (useful life) at an annual rent of Rs. 2,000 or by purchasing the machine for Rs.…
CA Foundation · Quantitative Aptitude · MTP · June 2024
A company may obtain a machine either by leasing it for 5 years (useful life) at an annual rent of Rs. 2,000 or by purchasing the machine for Rs. 8,100. If the company can borrow money at 18% per annum, which alternative is preferable?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. Leasing
Topics: Part-A: Business Mathematics
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