A machine costing P720,000 is estimated to have a book value of P40,545.73 when retired at the end of 10 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the annual rate of depreciation in %?
The annual rate of depreciation of the machine is 25%.
Latest Problem Solving in Engineering Economics (Annuity, Depreciation, Bonds, Breakeven, etc.)
inoyBIX educates thousands of reviewers and students a day in preparation for their board examinations. Also provides professionals with materials for their lectures and practice exams. Help me go forward with the same spirit.