Question:
A bike costing ₹120000 has a scrap value of ₹30000. If the book value of the bike at the end of third year is ₹90000, then the useful life of the bike is,
A bike costing ₹120000 has a scrap value of ₹30000. If the book value of the bike at the end of third year is ₹90000, then the useful life of the bike is,
Updated On: Jun 14, 2024
- 6 years
- 12 years
- 10 years
- 9 years
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The Correct Option is D
Solution and Explanation
The correct option is (D):9 years
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