A machine was purchased for Rs 500000. Its rate of depreciation is 10%

1.	A machine was purchased for Rs 500000. Its rate of depreciation is 10% in the first year and 5% per annum after wards. Find the depreciated value of the machine after 15 years.
Answer» Answer: Step-by-step EXPLANATION: FIRST it was 500000 2nd yr it was 10%=450000 3yr it was 5%=427500 so 15 yr will be 427500/15=28500

A machine was purchased for Rs 500000. Its rate of depreciation is 10% in the first year and 5% per annum after wards. Find the depreciated value of the machine after 15 years.

Answer»

Answer:

Step-by-step EXPLANATION:

FIRST it was 500000

2nd yr it was 10%=450000

3yr it was 5%=427500

so 15 yr will be 427500/15=28500

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A machine was purchased for Rs 500000. Its rate of depreciation is 10% in the first year and 5% per annum after wards. Find the depreciated value of the machine after 15 years.​

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A machine was purchased for Rs 500000. Its rate of depreciation is 10% in the first year and 5% per annum after wards. Find the depreciated value of the machine after 15 years.