An asset has an useful life of 4 years.The asset is depreciated by written down value method.The book value at the end of4th year is12% of the original cost.The rate of depreciation is-
a,41% b,30% c,12% d,24%........ pls show the steps of the ans.........
Firstly assume opg wdv (yr-1) = 100 so wdv at the end of 4th year (100*12%)12
Now use this formula and trial & error method :-
4th year end wdv (100*12%)12 = (100*R*R*R*R) i.e. R is here for 4 times because of 4 years
here R will be (1- rate of Depreciation) so your answer will come 41%
12 = (100*.59*.59*.59*.59)
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