deepak purchased an old scooter for 16000 if the coast of scooter after 2 year depreciates to 14440 find the rate of depreciation
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The rate of depreciation is ₹780 per year
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old cost = 16000
new cost = 14440
cost depreciates by = 16000 - 14440
= ₹1560
so your answer is ₹1560................hope it helps
new cost = 14440
cost depreciates by = 16000 - 14440
= ₹1560
so your answer is ₹1560................hope it helps
bhavyadudhani:
btw 1560 is every 2 years
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