120000-(120000*20/100)= 24000
Value at the end of 1st year
1,20,000-24000=96000
Next year depreciation
96000*20/100= 19200
Value at the end of second year 96000-19200= 76800
Third year dep= 76800*20/100= 15360
Value at the end of third year
76800-15360= 61440
Dep for the 4th year = 61440*20/100
12288
Value at the end of 4th year
61440-12288=49152
Value at the Beggining of 5 th year =49152
If you want u can calculate the 5th year Dep. Too... And the balance amt ....at the end of the year...
Maybe there’s a direct method too...
Yeah the direct formula I thought of jus now is
Original Cost * ((100-%)/100)^n
Where n = number of years given in the question
Learnt it somewhere I think
But it would definitely work