Question

the Value of a motorcycle 2years ago was ₹.70000.it depreciates at the rate of 4%p.a.find it's present value.
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Answer 1

present cost of motorcycle =70,000

depreciation percentage every year =4%

so depreciation at the end of 1st year =70,000×4/100=2800/-

then cost of motorcycle at the end of the 1st year =70,000-2800/- =67,200/-

so the depreciate amount at end of 2nd year =67,200×4/100=2688/-

so, the present value of motorcycle is = (70,000+2800+2688)/- =75,488/-

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Answer 2

Answer:

Rs.64612

Step-by-step explanation:

Depreciated value=p{1-r/100}n

=70000(1-4/400)2

=70000×96/100×96×100

=Rs.64512