The Present value of a car is R 70,000 .Its value depreciates every ye

1.	The Present value of a car is R 70,000 .Its value depreciates every year by 10%.what will be its value after 2years
Answer» Step-by-step EXPLANATION: I feel this machine is depreciated using the REDUCING BALANCE Method. If the value of the machine at the beginning of year 1 is 10,000 and then it reduces by 10%, the value of the machine at the end of year 1 is: 10,000 * (100%-10%) = 9,000 And again, at the end of Year 2, we follow a SIMILAR route: 9000 *(100%-10%) = 8,100 i hope this is helpfull for you so please follow me and mark me as brainlist

The Present value of a car is R 70,000 .Its value depreciates every year by 10%.what will be its value after 2years

Answer»

Step-by-step EXPLANATION:

I feel this machine is depreciated using the REDUCING BALANCE Method.

If the value of the machine at the beginning of year 1 is 10,000 and then it reduces by 10%, the value of the machine at the end of year 1 is:

10,000 * (100%-10%) = 9,000

And again, at the end of Year 2, we follow a SIMILAR route:

9000 *(100%-10%) = 8,100

i hope this is helpfull for you so please follow me and mark me as brainlist

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The Present value of a car is R 70,000 .Its value depreciates every year by 10%.what will be its value after 2years​

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The Present value of a car is R 70,000 .Its value depreciates every year by 10%.what will be its value after 2years