Ramesh bought a machine for his factory for 360000 if the value depreciates by 12% every year by how much will the value of the machine depreciates at the end of the third year
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Answer:Rs 245330
Step-by-step explanation:
Cost of machine=360000
After 1st year=360000-12%
=316800
After 2 year= 316800-12%
=278784
After3rd year=278784-12%
=245329.92
Or
= Rs 245330
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