An electric scooter costs ₹ 36,000 and has a useful life of 15 years. If annual depreciation is ₹ 2,000, Its scrap value by using linear method of depreciation is:
An electric scooter costs ₹ 36,000 and has a useful life of 15 years. If annual depreciation is ₹ 2,000, Its scrap value by using linear method of depreciation is:
Solution
✅ Correct Option: 3
Under the straight line method, total depreciation is . The scrap value is .
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