the value of machine depreciates each year by 10% of its value at the beginning of that year its value when new is 750 find its value when it is 2 year old
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Present new value of the machine t=750
Rate of depreciation=-10 ( Negative sign of rate indicates the depreciation)
time (n) =2 year
the value of machine =750*(1-10/100)*2
=750*90/100?-90/100=607.50.
Rate of depreciation=-10 ( Negative sign of rate indicates the depreciation)
time (n) =2 year
the value of machine =750*(1-10/100)*2
=750*90/100?-90/100=607.50.
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Rate of depreciation=-10 ( Negative sign of rate indicates the depreciation)
time (n) =2 year
the value of machine =750*(1-10/100)*2
=750*90/100?-90/100=607.50.