The value of a machine depreciates at the rate of 16 per annum. It was purchased 3 years ago. If its present value is 62500, find its p

Question

The value of a machine depreciates at the rate of 16 per annum. It was purchased
3 years ago. If its present value is 62500, find its purchase price​

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Reagan 1 week 2021-10-04T21:26:29+00:00 1 Answer 0 views 0

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    2021-10-04T21:28:25+00:00

    firstly 16 2/3%=54%. the present value is 62500. purchased machinery 3yrs ago. dep rate 33750 .so dep before yrs is 101250.

    now 101250+62500=163750 is the price

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