Question:
A car costing ₹8,50,000 has scrap value of ₹1,25,000. If annual depreciation charge is ₹1,45,000, then useful life of the car is:
A car costing ₹8,50,000 has scrap value of ₹1,25,000. If annual depreciation charge is ₹1,45,000, then useful life of the car is:
Updated On: Apr 26, 2024
- 12 years
- 5 years
- 7 years
- 10 years
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The Correct Option is B
Solution and Explanation
The correct option is(B):5 years
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