22. The cost of a new washing machine is Rs. 12000. Its value depreciates every year at the rate of 10%. What will be its value after three years?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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population is 62,500, what will be its population after two years?
22. The cost of a new washing machine is Rs. 12000. Its value depreciates every
year at the rate of 10%. What will be its value after three years?
106006
Transcribed Image Text:population is 62,500, what will be its population after two years? 22. The cost of a new washing machine is Rs. 12000. Its value depreciates every year at the rate of 10%. What will be its value after three years? 106006
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Depreciation is a lessening in the book value of fixed assets. Depreciation includes loss of value of assets because of the progression of time and obsolescence. Depreciation is an ongoing process for the rest of the life of assets.

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