Blue Bagger
New member
- Joined
- Dec 3, 2020
- Messages
- 6
Can someone hep me work out the formula and correct answer for the following:
What is the diminishing value rate an asset that has been depreciated if it was bought 4 years ago for $15000 and is now valued at $$4746?
I am using the formula Rate = 1 - (Current Value (periods)) 1/periods
Cost
so far i have got thus far - rate = 1 - (4746(4)) 1/4
15000
I am confused about how to calculate the periods. Is anyone able to help make some sense of this for me.
Thanks.
What is the diminishing value rate an asset that has been depreciated if it was bought 4 years ago for $15000 and is now valued at $$4746?
I am using the formula Rate = 1 - (Current Value (periods)) 1/periods
Cost
so far i have got thus far - rate = 1 - (4746(4)) 1/4
15000
I am confused about how to calculate the periods. Is anyone able to help make some sense of this for me.
Thanks.