The value of machine depreciates everyyear at the rate of 20% of its v – InterviewSolution

InterviewSolution

1.	The value of machine depreciates everyyear at the rate of 20% of its value of the beginnning of the year (i.e the raete of depreciation is 20%). The machine eas purchased for Rs. 2,50,000 when new, and the srap value realised when sold was Rs 1,28,000. Find the numer of years that the machine was used.
Answer» ANSWER :n=3 YEARS

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