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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 2000×15=₹300002000\times 15=₹30000. The scrap value is 36000−30000=₹600036000-30000=₹6000.

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