Question

a machine worth ₹490740 is depreciated at 15% of its opening value each year.when its value would reduced by 90%​

Answer 1

Answer:

It will take six years.

Explanation:

If we calculate 15 percent of 490740, it will be 73611. It means that it gets depreciated by 73611, every year. The new value after being reduced by 90% is 49074. The difference between 490740 and 49074 is 441666. Now we will divide this value by 73611 and we get 6.