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The cost of a vehicle is Rs.175000. If its value depreciates at the rate of 20% per annum, find the total depreciation after 3 years.
- a)Rs.86400
- b)Rs.82500
- c)Rs.84500
- d)Rs.85400
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
The cost of a vehicle is Rs.175000. If its value depreciates at the ra...
Value of the vehicle after 3 years 
= Rs.89600
∴ Total depreciation
= Rs.(175000−89600)
= Rs.85400
Most Upvoted Answer
The cost of a vehicle is Rs.175000. If its value depreciates at the ra...
Depreciation is the decrease in the value of an asset over time. In this case, the vehicle is depreciating at a rate of 20% per annum.
To find the total depreciation after 3 years, we need to calculate the depreciation for each year and then add them together.
Let's break down the solution into steps:
Step 1: Calculate the depreciation for each year
The vehicle depreciates at a rate of 20% per annum. So, in the first year, it will lose 20% of its value. In the second year, it will lose an additional 20% of the remaining value, and in the third year, it will lose another 20% of the remaining value.
Depreciation for the first year = (20/100) * Rs.175000 = Rs.35000
Depreciation for the second year = (20/100) * (Rs.175000 - Rs.35000) = Rs.28000
Depreciation for the third year = (20/100) * (Rs.140000 - Rs.28000) = Rs.22400
Step 2: Calculate the total depreciation
To find the total depreciation, we add up the depreciation for each year.
Total depreciation = Rs.35000 + Rs.28000 + Rs.22400 = Rs.85400
Therefore, the total depreciation after 3 years is Rs.85400. Hence, option D is the correct answer.
To find the total depreciation after 3 years, we need to calculate the depreciation for each year and then add them together.
Let's break down the solution into steps:
Step 1: Calculate the depreciation for each year
The vehicle depreciates at a rate of 20% per annum. So, in the first year, it will lose 20% of its value. In the second year, it will lose an additional 20% of the remaining value, and in the third year, it will lose another 20% of the remaining value.
Depreciation for the first year = (20/100) * Rs.175000 = Rs.35000
Depreciation for the second year = (20/100) * (Rs.175000 - Rs.35000) = Rs.28000
Depreciation for the third year = (20/100) * (Rs.140000 - Rs.28000) = Rs.22400
Step 2: Calculate the total depreciation
To find the total depreciation, we add up the depreciation for each year.
Total depreciation = Rs.35000 + Rs.28000 + Rs.22400 = Rs.85400
Therefore, the total depreciation after 3 years is Rs.85400. Hence, option D is the correct answer.
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The cost of a vehicle is Rs.175000. If its value depreciates at the ra...
85400
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The cost of a vehicle is Rs.175000. If its value depreciates at the rate of 20% per annum, find the total depreciation after 3 years.a)Rs.86400b)Rs.82500c)Rs.84500d)Rs.85400Correct answer is option 'D'. Can you explain this answer?
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