Question

A second - hand tractor bought for k12500, depreciates at the rate of 12% p.a Find the amount of the first years depreciation?​

Answer 1

Depreciation = Initial value * Rate of depreciation

Given:
Initial value = K12500
Rate of depreciation = 12% = 0.12

Now, plug in the values into the formula:

Depreciation = K12500 * 0.12 = K1500

So, the amount of depreciation for the first year is K1500.