Question

Anjali purchases Scooter for rupees 24000 the value of the scooter is deprecated @ 5% per annum calculate its value after 3 years​

Answer 1

the formula for depreciation can be done

straight line method

the formula=24000-(24000×5×3)/100

=24000-3600

20400 is the value

if written down value then

=24000(1-.05)*3

=20577