let the value of machine be x at the start of 2007
after one year the value will be x(1 - 0.12) = 0.88x
according to given data
0.88x = 44000
x = 50000 Rs.....answer for part 2
let the value at start of 2008 be y
start of 2009 y(1 - 0.12)
end of 2009 y(1 - 0.12)(1- 0.12) = 0.88 x 0.88 x y
according to given data y = 44000
end of 2009 = 34073.6 Rs