The value of a machine depreciates at the rate of 10% per annum. if it's present value is 62000 what will be its worth after 2 years
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hey there ☺☺
10% depreciation
62000/100× 10 = 6200
6200× 2 = 12400
now ,
its worth after 2years = 12400
or its value will = 62000-12400 = 49600
hope it helps ,!☺
10% depreciation
62000/100× 10 = 6200
6200× 2 = 12400
now ,
its worth after 2years = 12400
or its value will = 62000-12400 = 49600
hope it helps ,!☺
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