Question

the value of a machine worth Rs 500000 is depreciating at the rate of 10% every year. in how many years will it value be reduced to Rs 364500

Answer 1

first year 500000×10/100=50000
=500000-50000=450000
second=450000×10/100=45000
=450000-45000=405000
third= 405000×10/100= 40500
=405000-40500=364500
the years will three on depreciation of machine.
hope it helps you
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Answer 2

Given:

Cost of machine = Rs. 500000

Rate of Depreciation = 10% pa

To Find:

In how many years will it value be reduced to Rs 364500 ?

Solution:

In the first year,

Depreciation amount = 500000×10/100 = 50000

Depreciated cost after 1 year = 500000-50000 = 450000

In the second,

Depreciation amount = 450000×10/100 = 45000

Depreciated cost after 2 years = 450000-45000 = 405000

In the thirdyear,

Depreciation amount = 405000×10/100 = 40500

Depreciated cost after 3 years = 405000-40500 = 364500

Hence, in 3 years value of machine will be reduced to Rs 364500.