A car costing ₹ 8,00,000 has scrap value of ₹ 3,00,000. If the book value of car at the end of fourth year is ₹ 6,00,000, then the useful life of the car is :
A car costing ₹ 8,00,000 has scrap value of ₹ 3,00,000. If the book value of car at the end of fourth year is ₹ 6,00,000, then the useful life of the car is :
Solution
✅ Correct Option: 3
Annual depreciation .
Book value after 4 years: .
years.
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