A machine costing Rs 30000 is expected to have a useful of 13 years and a final scrap value of Rs 4000 . Find the annual depreciation charge using straight line method.

₹2000

The correct answer is option (1) : ₹2000

Original cost $=₹30,000$

Scrap value $=₹4000$

Useful life $= 13\, years $

∴ Annual depreciation $=\frac{30000-4000}{13}$

$= ₹ 2000$