Question

Ramesh bought a machine for his factory
for 3,60,000. If the value depreciates by 12%
every year, by how much will the value of
machine depreciate at the end of the third year?​

Answer 1

Answer:

245329.92

Step-by-step explanation:

find 12 %of 360000 and than 12 % of that answer and again do same

Answer 2

Answer:

1st Year depreciation 12% on RS.3,60,000/- is Rs.43,200/-.

2nd year cost of machine (RS.3,60,000/- - RS.43,200/- = Rs.3,16,800/-), Depreciation 12% on RS.3,16,800/- = Rs.38,016/-.

3rd year cost of machine (RS.3,16,800/- - RS .38,016/- = Rs. 2,78,784/-), Depreciation 12% on RS.2,78,784/-=Rs.33,454/-

Cost of machine after 3rd year depreciation is (RS.2,78,784/- - RS.33,454/- =RS.2,45,329/-.