Ajesh purchased a printer ₹15,000. The printer is estimated to have a scrap value of ₹3,000 after a span of 6 years. Then the book value of the printer at the end of 3 years will be:-

₹9,000

The correct answer is Option (3) → ₹9,000 **

Cost price = ₹15000

Scrap value = ₹3000

Life = 6 years

Using straight-line depreciation:

Annual depreciation:

$\displaystyle \frac{15000 - 3000}{6} = \frac{12000}{6} = 2000$ per year

Depreciation for 3 years:

$3 \times 2000 = 6000$

Book value after 3 years:

$15000 - 6000 = 9000$

Book value = ₹9000