the cost of machinery Rs 125000 if it's useful life to the 20 years and rate of depreciation is 10 percent the scrap value of machinery
Answers
Given :- the cost of machinery Rs 125000 if it's useful life to the 20 years and rate of depreciation is 10 percent the scrap value of machinery ?
Answer :-
→ The scrap value of machinery = Cost * [1 - (Rate of depreciation/100)]^time
putting given values we get,
→ The scrap value of machinery = 125000[1 - (10/100)]²⁰
→ The scrap value of machinery = 125000[1 - (1/10)]²⁰
→ The scrap value of machinery = 125000(9/10)²⁰
→ The scrap value of machinery = 125000 * (0.9)²⁰
→ The scrap value of machinery = 125000 * 0.122
→ The scrap value of machinery ≈ Rs.15250 .
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Given : The cost of machinery Rs 125000
It's useful life to the 20 years and rate of depreciation is 10 percent
To Find : the scrap value of machinery
Solution:
cost of machinery Rs 125000
=> P = 125000
R = - 10 % as depreciation
n = 20
A = P ( 1 + R/100)ⁿ ( A = P (1 - R/100)ⁿ in case of depreciation if R taken + ve)
A = 125000 ( 1 - 10/100)²⁰
=> A = 125000 ( 9/10)²⁰
=> A = 15,197
the scrap value of machinery = 15,197
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