Question

machinery worth RS. 256300 depreciates at a rate of 12% p. a. how much is it worth after 6 years if the rate of depreciation is compounded annually ​

Answer 1

Present cost of machine = Rs.32000 Depreciation percentage every year = 5% So, depreciation at the end of first year = 32000×5/100 = 1600/- Then cost of machine at the end of first year = Rs.32000 - Rs.1600 = Rs.30400/- So, the depreciation amount at the end of second year = 30400×5/100 = 1520/- Therefore, total depreciation at the end of 2 years = Rs.1600 + Rs.1520 = Rs.3120/-

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