Question

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

Answer 1

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 ,!☺