The Value of a machine depreciates by 20% every year if ots present value is 250000 what was its value last year
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Given
Present value =250000
Depreciate per yr=20%
Last yr value = present value x100/(100- depreciation rate)
Last yr value=250000x100/(100-20)
=250000x100/80
=₹312500
This is ur ans hope it will help you in case of any doubt comment below
Present value =250000
Depreciate per yr=20%
Last yr value = present value x100/(100- depreciation rate)
Last yr value=250000x100/(100-20)
=250000x100/80
=₹312500
This is ur ans hope it will help you in case of any doubt comment below
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