Question

Mr. Robin bought a car in Jan of 2018. The value of the car depreciated by 15000 during the 1st year and 14250 during the second year. Calculate:
i. The rate of depreciation
ii. The original cost of the car when it was bought in the year 2018.
iii.The depreciation during the year 2020
iv. The cost of the machine at the end of year 2020
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Answer 1

The original cost of the car when it was bought in the year 2018..

2