Answer:
Explanation:
Depreciation means value falling
10 is the scrap value which means the value that will remain after the product is properly used up.
depreciation for one year will be calculeted through
(original value - scrap value)/ no of years of use
(500 - 10)/3
= 163 is the annual rate of depreciation
If no scrap value is given, then you will simply divide the value by the no. of years of use
b. annual depreciation = 163
original value = 500
500 - 163(x) = worth of the poster after x years
worth remaining after a certain no. of years is also known as net book value.