2.
The value of machine depreciates every year by 5%
If the present value is 40,000 what will be its wall
after a year?
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Answer:
Machine value=40000
1st year depreciation =5%
1st year Amount=40000-(40000×5%)
=40000-2000
=38000
2nd year= 38000-(38000×5%)
=38000-1900
= 36100
3rd year= 36100-(36100×5%)
= 36100-1805
= 34295
Ans= Machine value after 3 yrs is 34295
Step-by-step explanation:
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