The value of a machine purchased two years ago and depreciates at the annual rate of 10%. if it's present value 97,200 find it's purchase value and value after 1 year
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The value of the machine after 1 years will be
97200 - 10% of 97200 = 87480.
The purchase price of 2nd year will be.
97200 + 10% of 97200 = 106920.
The purchase price will be be 106920 + 10% of 106920 = 117612.
97200 - 10% of 97200 = 87480.
The purchase price of 2nd year will be.
97200 + 10% of 97200 = 106920.
The purchase price will be be 106920 + 10% of 106920 = 117612.
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