If the life expectancy of an asset is 10 years, scrap value ₹5,000 and annual depreciation of ₹3000 per annum, then original cost of the asset is :

₹35,000

Life of asset $=10$ years

Annual depreciation $=3000$

Total depreciation in $10$ years

$=3000\times10=30000$

Let original cost $=C$

Scrap value $=5000$

$C-5000=30000$

$C=35000$

The original cost of the asset is ₹35,000.