Mining Engineering > GATE 2026 > Mine Economics - Depreciation
A shovel costing (P) ₹ 20 crores has a salvage value (S) of ₹ 2 crores with a useful life (n) of 10 years. The annual depreciation is evaluated using declining balance method as given by
Depreciation rate = 1 − (S/P)1/n
The depreciated cost of the shovel, in crores, in its 2nd year is ₹ _______________. (rounded off to two decimal places)
Depreciation rate = 1 − (S/P)1/n
The depreciated cost of the shovel, in crores, in its 2nd year is ₹ _______________. (rounded off to two decimal places)
Correct : 12.62
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