Hello to all,
i have a query abtfinding out the rate of depreciation..
rate of depreciation=1-(2.5/10)^1/10
Ans. is coming to 12.95%BUt its getting really difficult to solve above equation with d use of logarithm...If anyone can solve it using log technique..as scientific calc is not allowed in CA exam..
THIs case is taken form CA FINal study material-new course(chap-valuation of tangible fixed assets...pn.9.15)
waiting eagerly for reply..
REgards,
Manasvi