Five years after purchase, a machine has a value of $300. The depreciation rate is

26% per year. Calculate the value of the machine when it was bought five years
ago.?

v * 0.74^5 = 300

To calculate the value of the machine when it was bought five years ago, we need to find the original value before depreciation.

Given that the machine has a value of $300 five years after purchase and that the depreciation rate is 26% per year, we can use the formula for calculating depreciation:

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

Let's denote the initial value as "x."

Value after depreciation = x - (0.26 * x)

After five years, the value is $300:

$300 = x - (0.26 * x)

To solve for x, we can simplify the equation:

$300 = x(1 - 0.26)

$300 = x(0.74)

Divide both sides of the equation by 0.74:

$300 / 0.74 = x

x ≈ $405.405

Therefore, the value of the machine when it was bought five years ago is approximately $405.405.