Question

A piece of equipment cost a certain factory 600,000. If it depreciates in value, 15%
the first, 13.5% the next year, 12% the third year, and so on. What will be its value at
the end of 10 years, all percentages applying to the original cost?​

Answer 1

Answer:

The percentages of depreciation at the end of 1st,2nd,3rd years are 15%, 13.5%, 12%...., which are in A.P., with a =15% and d = -1.5%. Hence, the value of equipment at the end of 10 years=100% - 82.5% = 17.5%.

Step-by-step explanation:

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