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Solution: Find the annual rate of depreciation of the machine in percentage

(Last Updated On: January 9, 2020)

Find the annual rate of depreciation of the machine in percentage

Problem Statement: CE Board May 1996

A machine costing P45,000 is estimated to have a book value of P4,350 when retired at the end of 6 years. Depreciation cost is computed using a constant percentage of the declining book value. What is the annual rate of depreciation in %?

  • A. 32.50%
  • B. 32.25%
  • C. 32.00%
  • D. 32.75%

Problem Answer:

The annual rate of depreciation of the machine is 32.25%.

Solution:

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Solution: Find the annual rate of depreciation of the machine in percentage

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