Question

The value of a machine depreciates at the rate of 20% per annum it was purchased 2 years ago. If its present value is 40000, for how much was it purchased?

Answer 1

Let the cost be 100
it is depriciated 20% so 100 - 20 - 20 = 60
when cost be 100 then machinery value after 2 year be 60
when machinery value 40000 after 2 year so 100 × 40000 / 60 = 66,666 when it is depriciated by straight line methods

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