A vehicle costing Rs. 10,50,000 has a final scrap value of Rs. 5,25,000. If annual depreciation charge is Rs. 75,000, then useful life of the vehicle is :
A vehicle costing Rs. 10,50,000 has a final scrap value of Rs. 5,25,000. If annual depreciation charge is Rs. 75,000, then useful life of the vehicle is :
Solution
✅ Correct Option: 3
Useful life years.
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