CUET Mathematics - If the life expectancy of an asset is 10 years, scrap value Rs.5,000 and annual depreciation of Rs.3000 per annum, then original cost of the asset is: | PYQs + Solutions

CUET Mathematics 2023 23 May Shift 3

Applied Mathematics

Easy

Rs.30,000

Rs.50,000

Rs.35,000

Rs.40,000

✅ Correct Option: 3

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An asset costing Rs. 50,000 has a useful life of 4 years. The estimated scrap value is Rs. 10,000. By using linear depreciation method, the book value at the end of the second year is :

CUET Mathematics 2023 23 May Shift 3 PYQs

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