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Study Stuff for MCA Examinations - NIMCET
Study Stuff for MCA Examinations - NIMCET
Previous Year Question (PYQs)
The cost of a machine is Rs. $20,000$ and its estimated useful life is $10$ years.
The scrap value of the machine, when its value depreciates at $10%$ p.a., is
(use $(0.9)^{10}=0.35$)
Solution
$\text{Value after } n \text{ years}=P(1-r)^n$
Here,
$P=20000$
$r=0.1$
$n=10$
Value
$=20000(0.9)^{10}$
Given
$(0.9)^{10}=0.35$
So,
$=20000\times 0.35$
$=7000$
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