23. A machine depriciates 10% pa for first two years and then 7% pa for the next three years, depriciation being calculated on the diminishing value. If the value of the machine be Rs. 10,000 initially, find the average rate of depriciahon and the depriciated value at the end of the fifth year. (Ans: Rs. 6515; 8.2%)
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The average rate of depreciation = 8.2 %
And the depreciated value = Rs. 6515 at the end of the fifth year.
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