FORMULA usedValue of a COMMODITY after 'n' YEARS with depreciation RATE 'r'% p.a. is\(Actual\ value \times (1 - {r\over100})^n\)GivenCost of generator = Rs.60,000Rate of depreciation = 5% p.a.CalculationThe Value of generator after TWO years will be,\(Actual\ value \times (1 - {r\over100})^n\)\(⇒ 60000 \times (1 - {5\over100})^2\)\(⇒ 60000 \times ({19\over20})^2\)⇒ Rs. 54150