A firm bought a lease-hold property on first april 2006 for, Ask an Expert

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A firm bought a lease-hold property on first April 2006 for a long time at an expense of Rs. 5,00,000. It chose to discount the lease by annuity technique assuming the rate of enthusiasm at 14%. The annuity table demonstrates that yearly sum important to discount Re. 1 in 5 years at 14% is Rs. 0.291284. Demonstrate the lease represent 5 years. Computations to be made to the closest rupee.

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