Advertisements
Advertisements
Question
Mr. Chetan purchased furniture for her home at Rs.5,12,000/-. Considering the rate of depreciation as 12.5%, what will be the value of furniture after 3 years.
Advertisements
Solution
Given, purchase price of furniture = V
= ₹ 5,12,000/-
Rate of depreciation = r = 12.5%
Number of years = n = 3 years
∴ Value of furniture after 3 years = V`(1 - "r"/100)^"n"`
= `5,12,000(1 - 12.5/100)^3`
= `5,12,000(1 - 1/8)^3`
= `5,12,000(7/8)^3`
= `5,12,000 xx 343/512`
= 3,43,000
∴ The value of furniture will be ₹ 3,43,000/-
APPEARS IN
RELATED QUESTIONS
Kanchan purchased a Maruti car for Rs.2,45,000/- and the rate of depreciation is `14 2/7 %` per annum. Find the value of the car after two years?
The value of a machine depreciates from Rs.32768 to Rs.21,952/- in three years. What is the rate of depreciation?
The value of a machine depreciates at a rate of 10% every year. It was purchased 3 years ago. Its present value is Rs.2,18,700/-. What was the purchase price of the machine?
Mr. Manish purchased a motorcycle at Rs.70,000/-. After some years he sold his motorcycle at the exact depreciated value of it that is Rs.51,030/-. The rate of depreciation was taken as 10%. Find after how many years he sold his motorcycle.
Grace Fashion Boutique purchased a sewing machine at Rs.25,000/-. After 3 years machine was sold at a depreciated value Rs.18,225/- Find the rate of depreciation.
The value of the machine depreciates at the rate of 15% p.a. It was purchased 2 years ago. Its present value is Rs. 7225. What was the purchase price of the machine?
A tree increases annually by 1/8 of its height. By how much will it increase after 2½ years. If its length today is 8 m.?
A building worth Rs. 121000 is constructed on land worth Rs. 81000. After how many years will the value of both be the same if land appreciates at 10% pa. and buildings depreciate at 10% p.a.
What is depreciation in accounting?
Which is NOT a valid reason for charging depreciation every year?
In accounting, which principle is followed by charging depreciation each year?
What causes 'obsolescence' in depreciation?
What is one key condition for charging depreciation?
