A car costing ₹ 5,00,000 has a useful life of 15 years. The estimated scrap value is ₹ 50,000. The annual depreciation using the straight line method is
A car costing ₹ 5,00,000 has a useful life of 15 years. The estimated scrap value is ₹ 50,000. The annual depreciation using the straight line method is
Solution
✅ Correct Option: 3
Straight line depreciation .
Rs. 30,000 per year.
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