If the cost of a car is ₹10,00,000 and its scrap value after fifteen years is ₹1,00,000, then yearly depreciation using straight line method is :

₹60,000

The correct answer is Option (2) → ₹60,000

The straight line method of depreciation is,

Annual depreciation = $\frac{Cost\,of\,Asset-Scrap\,value}{Useful\,life}$

$=\frac{10,00,000-1,00,000}{15}$

$=60,000$