The value of machine depreciates at the rate of 20% p.a . It was purchased 2 years ago for Rs40000. What is present value of machine
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Rate of Depreciation = 20%
Value Depreciated in 1st Year = 20% of 40000
= 8000
Value after 1 yr = 40000 - 8000 = 32000
Value Depreciated in 2nd year = 20% of 32000
= 6400
Present Value = 32000-6400 = ₹25600
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