Question:
A vehicle whose cost is ₹7,00,000 will depreciate to scrap value of ₹1,50,000 in 5 years. Using linear method of depreciation, the book value of the vehicle at the end of the third year is :
A vehicle whose cost is ₹7,00,000 will depreciate to scrap value of ₹1,50,000 in 5 years. Using linear method of depreciation, the book value of the vehicle at the end of the third year is :
Updated On: Jun 14, 2024
- ₹1,10,000
- ₹3,70,000
- ₹2,70,000
- ₹2,50,000
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The Correct Option is B
Solution and Explanation
The correct option is (B) :₹3,70,000.
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