2] THE COST OF A MACHINE IS RS.2,50,000.IT
DEPRECIATES AT THE RATE OF 4% PER ANNUM.FIND
THE COST OF THE MACHINE AFTER THREE YEARS.
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2] THE COST OF A MACHINE IS RS.2,50,000.IT
DEPRECIATES AT THE RATE OF 4% PER ANNUM.FIND
THE COST OF THE MACHINE AFTER THREE YEARS.
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Answer:
rs. 2,21,184.
Step-by-step explanation:
formula for depreciated value =p(1 - r/100)^n
where p is the present cost,
r is depreciation rate,
n is number of years is the time.
so by using the formula we get
=2,50,000(1 - 4/100) ^3
=2,50,000(96/100)^3
=2,50,000*96*96*96/100*100*100
=rs. 2,21,184
so,the coast of the machine after 3 years at depreciation value of 4% is Rs. 2,21,184.