A machine depreciates at the rate of 6% per annum, the depreciation being worked
out on the value of the machine at the beginning of the year. If the machine was
purchased for Rs. 10,000, then find its value after seven years.l
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Answer:
Cost of machine = 10,000
Rate of Depreciation = 6%
Value of machine after 7 years = 10000 x 6/100 x 7 = 4,200
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