An asset costing Rs. 1,50,000 has a final scrap value of Rs. 25,000. If annual depreciation charge is Rs. 25,000, then useful life of the asset is :
An asset costing Rs. 1,50,000 has a final scrap value of Rs. 25,000. If annual depreciation charge is Rs. 25,000, then useful life of the asset is :
Solution
✅ Correct Option: 3
Annual depreciation years.
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