Question

the cost of machine of a machine is supposed to depreciate each year by 12 percent of its value at the beginning of the year . if the machine is valued at rupees 44000 at the begnning of 2008, find its value at the end of 2009

Answer 1

44000 - ( 12% of 44000)
44000- 5280
38,720

2nd year
38,720-(12%of 38,720)
38,720- 4646
34,074

value at the beginning of 34,074