A sofa set costing ₹36000 has a useful life of 10 years. If the annual depreciation is ₹3000, then the scrap value by linear method is:

₹6000

The correct answer is Option (2) → ₹6000

Cost of sofa set $=36000$

Useful life $=10$ years

Annual depreciation $=3000$

Total depreciation over useful life

$=10\times3000=30000$

Scrap value

$=\text{Cost}-\text{Total depreciation}$

$=36000-30000$

$=6000$

The scrap value by linear method is ₹6000.