Sanat Biswal
(Chartered Accountant)
(1139 Points)
Replied 11 January 2015
| Originally posted by : nidhi | ||
 |
Original cost-100000 Scrap value-5000 Useful life-6 yrs Rate-? Formula given to find the rate: {1-[(scrapvalue/originalcost)^1/n]} how to get the rate ? pls help |  |
https://www.mathwarehouse.com/arithmetic/principal-nth-root-calculator.php
follow this link you can find the answer.
The rate will come to 1%.
Sanat Biswal
(Chartered Accountant)
(1139 Points)
Replied 11 January 2015
| Originally posted by : nidhi | ||
|
The rate is 39.30%.. | |
Yup u r right,the rate is 39.30%.You are right..just made a miscaculation.Sorry for that....
Rohit Pandey
(Student)
(766 Points)
Replied 11 January 2015
As per your question, Formula for calculating depreciation rate is:
![\mbox{depreciation rate} = 1 - \sqrt[N]{\mbox{residual value} \over \mbox{cost of fixed asset}}](https://upload.wikimedia.org/math/1/a/c/1ac2d7a708f0eda3b7206d259d63c0a0.png)
Residual Value = Rs. 5000
Cost of Fixed Asset = Rs. 100000
N = 6
So, we have to calculate 6th root of 5000/100000 i.e. 0.05
Step 1
Press ROOT button twelve times.
Resulting figure: 0.99926888743
Step 2
Deduct 1 from Resulting figure in Step 1
Resulting figure: -0.00073111257
Step 3
Divide Resuting figure in Step 2 by 6 (Six)
Resulting figure: -0.00012185209
Step 4
Add 1 to resulting figure in Step 3
Resuting figure: 0.99987814791
Step 5
Now, press 'x' and then '=' in combination, 12 (Twelve) times
Resulting Figure: 0.6070545673
Step 6
Now as per formula of calculating depreciation rate
Deduct resulting figure in Step 5 from 1 (One)
{You may put resulting figure in Step 5 in 'M-' and Then, press 1 and put it in 'M+'. Then press 'MR' button. You will get answer by this.)
ANSWER: 0.3929454327 OR 39.30% approx
Rohit Pandey
(Student)
(766 Points)
Replied 11 January 2015
Dear Ms. Nidhi,
This question motivated me to write an article tilted as 'Calculator Trick - Helping in your acedemics' It will be uploaded soon. Thank you for being my motivation. Hope you have got solution for your question. For further clarification(s), you may contact me.
Regards,
Rohit Pandey
Rohit Pandey
(Student)
(766 Points)
Replied 11 January 2015
Rohit Pandey
(Student)
(766 Points)
Replied 12 January 2015
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