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Question
The cost of a machine dep reciated by Rs 2592 during the third year and by Rs 2332.80 during the fourth year. Calculate :
The cost at the end of the fourth year.
Solution
Here, P =Rs 32,000; r = 10 % ; t = 4 years
`"A" = "P" (1 + "r"/100)^"n"`
`"A" = "Rs" 32000 (1 - 10/100)^4`
A= Rs 32, 000 x 0.9 x 0.9 x 0.9 x 0.9
A= Rs 20,995.20
Cost at the end of the fourth year = Rs 20, 995.20
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