Answer :
Answer:
rate of yearly depreciation is 15.91 %
Step-by-step explanation:
given data
machine cost = Rs 80000
reduce = Rs 20000
time t = 8 year
to find out
rate of yearly depreciation
solution
we will apply here rate of yearly depreciation formula that is
rate of yearly depreciation = 1 - [tex]\frac{reduce}{cost} ^{1/t}[/tex] × 100 ..............1
put here all these value we get rate of yearly depreciation
rate of yearly depreciation = 1 - [tex]\frac{reduce}{cost} ^{1/t}[/tex] × 100
rate of yearly depreciation = 1 - [tex]\frac{20000}{80000} ^{1/8}[/tex] × 100
rate of yearly depreciation = 15.91 %
so rate of yearly depreciation is 15.91 %