the cost of a machine depreciates every year by 5%. If the cost of a machine is 80,000, What will be the cost of a machine at the end of 2year.
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Answer:
The cost of a machine at the end of 2year is Rs.72200.
Step-by-step explanation:
The cost of a machine is Rs. 80000.
Rate of depreciates every year is 5%.
period = 2 years.
Therefore the cost of a machine at the end of 2year is Rs.80000×(100-5)/100 ×(100-5)/100
=Rs.80000×95/100 ×95/100
=Rs.72200.
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