Practicing Success
If a car was bought for ₹11,00,000 and after use, was sold in scrap for ₹2,00,000. The number of useful years if the annual depreciation using straight line method was ₹75,000, is: |
8 years 10 years 12 years 14 years |
12 years |
The correct answer is Option (3) → 12 years |