During every financial year, the value of a machine depreciates by 12%. Find the original cost of a machine which depreciates by 2,640 during the second financial year of its purchase
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Step-by-step explanation:
The value of the machine depreciate by every year = 12%
It deprecate by during the 2nd year = Rs 2640
The original cost of the machine = Rs 2640 × 12 / 100
= Rs 316.80
= Rs 316.80 + Rs 2640.00
= Rs 2956.80 is the answer.
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