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Question
The cost of a machine is ₹ 50000. It depreciates 10% every year. The cost of machine after 1 year will be ______.
Options
₹ 55000
₹ 40000
₹ 45000
₹ 48000
MCQ
Fill in the Blanks
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Solution
The cost of a machine is ₹ 50000. It depreciates 10% every year. The cost of machine after 1 year will be ₹ 45000.
Explanation:
The cost of a machine is ₹ 50000 and it depreciates by 10% every year.
To find the cost of the machine after 1 year, we calculate:
Depreciation for one year
= 10% of ₹ 50000
= ₹ `(10/100) xx 50000`
= ₹ 5000
Cost after 1 year
= Original cost – Depreciation
= ₹ 50000 – ₹ 5000
= ₹ 45000
Therefore, the cost of the machine after 1 year will be ₹ 45000.
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