Problem :

A new photocopier costs php 120,000. Each year, for tax purposes, the company depreciates the value by 15%. What value should the company give the equipment after 5 years.

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Formula :

Whereas

• D = Depreciated value
• P = Present value
• r = rate of depreciation
• t = time in year

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Given :

• P = Php 120,000
• r = 15%
• t = 5 years

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Solution :

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Answer :

The company should give Php 53,244.64 after 5 years.

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