Question

The value of a machine depreciates every year by 10%.If the present value of the machine is Rs 54000,what was its value last year?

Answer 1

what is 54000/1.1 ?

Answer 2

Good

Answer 3

N7ce

Answer 4

Nice to meet you this app

Answer 5

[AI-generated answer — Explain Bot]

To find the value of the machine last year, we need to consider the depreciation rate of 10% per year.

To calculate the value of an item after depreciation, we can use the following formula:

Value after depreciation = Present value - (Depreciation rate * Present value)

In this case, the present value of the machine is Rs 54,000, and the depreciation rate is 10%. Let's calculate the value of the machine last year:

Depreciation = 10% * Rs 54,000
= (10/100) * 54,000
= Rs 5,400

Value last year = Present value - Depreciation
= Rs 54,000 - Rs 5,400
= Rs 48,600

Therefore, the value of the machine last year was Rs 48,600.