Question

value of a machine is 500000 depreciates 10% every year. In how many years will it value be rupees 364500 (not social science , it is maths

Answer 1

In First year depreciated cost is ………..500000×10/100=50000=500000-50000=450000:In Second year depreciated value is =450000×10/100=45000=450000-45000=405000:    

In third year depretiated cost is = 405000×10/100= 40500=405000-40500=364500.So, answer will be three years to reach the depreciated value at Rs 364500.