The value of a machine depreciate every year by 5%.If the present value is 95000 what was its value last year
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Answer:
33,124.45
Step-by-step explanation:
Assuming the life of the machine be 10 years and method of depreciation be on Written down basis, then we have to deduct 5% at the end of every year from the balance, which amounts to Rs. 33,124.45
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