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Commercial arithmetic II lesson on appreciation and depreciation

Answer Text:
Appreciation and Depreciation:
Appreciation is the gain of value of an asset while depreciation is the loss of value of an asset.
Example:
An iron box cost ksh 500 and every year it depreciates by 10% of its value at the
beginning of that that year. What will its value be after value 4 years?

Example 1.:
A minibus cost sh 400000.Due to wear and tear, it depreciates in value by 2% every month. Find its value after one year.