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An asset the life of which is estimated to be 8 years costs Rs 80000. If annual depreciation is Rs 9000, find its scrap value using linear method. |
₹7000 ₹8000 ₹9000 ₹10000 |
₹8000 |
The correct answer is option (2) : ₹8000 $9000=\frac{80000-Scrap\, value }{8}$ Scrap value $= ₹8000$ |
