Depreciation for 1st year = 20/100 × 64000 = $12800
End of 1st year = $64000 - $12800 = $51200
Depreciation for 2nd year = 10/100 × 51200 = $5120
End of 2nd year = $51200 - $5120 = $46080
Answer:
Value at the end of the 2nd year is $46,080
Answer:
Value at the end of the 2nd year is $46,080
Step-by-step explanation:
Depreciation for 1st year = 20/100 × 64000 = $12800
End of 1st year = $64000 - $12800 = $51200
Depreciation for 2nd year = 10/100 × 51200 = $5120
End of 2nd year = $51200 - $5120 = $46080
