THE COST OF MACHINERY IS Rs 360000 today in the first year the value depreciates by 12% and subsequently ,the value depreciates by 8% each year .by how much the value of machinery has depreciates at the end of 3YEARS
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A = P(1-R1/100) X (1-R2/100) IN THIS CASE
= 360000X88/100 X 92/100 X 92/100
= Rs 268139.52
= 360000X88/100 X 92/100 X 92/100
= Rs 268139.52
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