Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

As asset costing ₹2,00,000 is expected to have a useful life of 10 years and a final scrap value of ₹40,000. The book value of the machine at the end of sixth year is :

Options:

₹1,36,000

₹1,04,000

₹1,20,000

₹88,000

Correct Answer:

₹1,04,000