Question
Download Solution PDFThe value of a machine in a company depreciates by 10% every year. Determine the value (in Rs.) of the machine after 2 years if the current value is Rs. 2 lakh.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Initial value = Rs. 2 lakh
Annual depreciation = 10%
Concept:
Use the formula for annual depreciation, which is Value after n years = Initial value × (1 - Depreciation rate)n.
Calculation:
⇒ Value after 2 years = 2 lakh × (1 - 10/100)2 = Rs. 1,62,000 lakh
Hence, the value of the machine after 2 years is Rs. 1,62,000 lakh.
Last updated on Jul 8, 2025
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