Answer:
Value after one year = Rs 9000
Step-by-step explanation:
The depreciation refers to a reduction in value of the asset (sofa-set) due to usage and other factors. The depreciation charge at the rate of 10% means that the reduction in value at 10% of cost per year.
Depreciation per year = 10000 * 0.1 = Rs 1000
So, the value after one year will be,
Value after one year = 10000 - 1000
Value after one year = Rs 9000
