An asset costing ₹20,000 is expected to have a useful life of 5 years and a final scrap value of ₹5000. Then the annual depreciation charge using linear method of depreciation is:

₹ 5,000 ₹ 3,000 ₹ 10,000 ₹ 2,000

₹ 3,000

The correct answer is Option (2) → ₹ 3,000