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The value of a machine depreciates at the rate of $10 %$ per annum. What will be its value 2 years hence, if the present value is Rs 100000? Also, find the total depreciation during this period.

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Rs.18232

Rs.27192

Rs.19000

Rs.17352

answer is C.

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Detailed Solution

Given,
Price of a boat = Rs 100000
Depreciation rate = 10% per annum
The depreciation rate is the percentage rate at which asset is depreciated across the estimated productive life of the asset.
Use the formula,

A = P (1 − R 100) t ⇒ A = 100000 1 − 10100 2 ⇒ A = 100000 0.90 2 ⇒ A = Rs 81000

Depreciation value

= 100000 − 81000

⇒ Rs 19000
The depreciation during the period of two year is Rs 19,000.
Hence, the correct option is 3.

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