The value of a machine depreciates at 24% per annum. If its present value is $1,50,000, at what price should it be sold after two years such that a profit of $24,000 is made? Options.
A) $ 250640  B) $ 430640  C) $ 120640  D) $ 110640  E) $ 150640

Rationale: "the value of the machine after two years = 0.76 * 0.76 * 1 , 50,000 = $ 86,640 sp such that a profit of $ 24,000 is made = 86,640 + 24,000 = $ 1 , 10,640 d"
Answer: D