Question

a motorcycle was purchased for 48000 if its value depreciates every year by 10% calculate the total depreciation in its value at the end of 3 years. PLEASE GIVE ME THE ANSWER ON A PAGE

Answer 1

Answer:

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Answer 2

Answer:

Step-by-step explanation:

1st year -

48000-(10/100*48000) = 48000-4800= 43200

2nd year -

43200 - (10% of 43200)=43200-4320=38880

3rd year -

38880 -(10% of 38880) = 38880 - 3888 = 34992

After 3 years, vehicle cost after depreciation is 34992

Total depreciation in its value is 13008