Question

The useful life of a machine whose cost is ` 10,000 is 10 years. If it depreciates at 10%

p.a. then the scrap value of the machine is​

Answer 1

Answer: 3486.784401

Step-by-step explanation:

In such a case where value decreases annually, compound interest must be found.

A = P(1 + r/100)ⁿ

A = 10000(1 - 10/100)^10

A = 10000(9/10)^10

A = 10000 × 0.3486784401

A = 3486.784401

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