Question

If the value of a machine is 1,60,000 and its depriciates at the rate of 10% per year what will be its value at the end of 5 years

Answer 1

if the machine value is 160000 and its depreciation is10%
first year depreciation is 16000 .
second year depreciation is 16000
third year depreciation is 16000
fourth year depreciation is 16000
fifth year depreciation is 16000
the total of five years depreciation is 80,000
machinery of 160000-depretiation 80000
=80,000.