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?
what is 54000/1.1 ?
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N7ce
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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.