Question

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.​

Answer 1

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.