Question

manoj purchased a machinery worth ₹16000 . if the cost of machinery is depreciating at the rate of 5% p.a. calculate the value after 2 years​

Answer 1

Answer:

14440

Step-by-step explanation:

cost of machinery=16000

rate of depreciation=5%p.a

depreciated amt in the first year:-

=16000-(16000×5/100)

=16000-800

=15200

depreciated amt in second year:-

=15200-(15200×5/100)

=15200-760

=14440

amt. after 2yrs depreciation= 14440