the rate of a deprection of a machine is 10% p.a . if the present value of the machine is RS 99000/ .what iwas its value last year . explain
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Present value of the machine = RS 99000
Rate of depriciation = 10%
Present value = value of last year×(1-r/100)^n
99000 = value of last year ×(1-10/100)^1
99000 = value of last year ×(90/100)
value of last year = 99000×100/90
value of machine last year = 9900000/90
= 110,000
Rate of depriciation = 10%
Present value = value of last year×(1-r/100)^n
99000 = value of last year ×(1-10/100)^1
99000 = value of last year ×(90/100)
value of last year = 99000×100/90
value of machine last year = 9900000/90
= 110,000
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