The value of a machine depreciates at the rate of 10% per annum. If its present value is rs. 162000, what will be its worth after 2 years? What was the value of machine 2 years ago (in rs.)?
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is this straight line method /written down value method?
as nothing is given lets assume it as straight line method.
162000 -------- value of machinery
16200 --------- (less) depreciation
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145800 --------1st year value of machine.
16200 --------- (less) depreciation
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129600 -------- 2nd year value of machinery.
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VALUE OF MACHINERY BEFORE 2 YEARS :
162000 ------------- value of machinery
20000 -------------(ADD) 1st year depreciation
20000 ------------ (ADD) 2nd year depreciation
___________
202000. ______ value of machinery before 2 years
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