A flower vase costs Rs. 36,000. With an annual depreciation of Rs. 2,000, its cost will be Rs. 6,000 in ______ years.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → 15
A fixed amount is written off every year (straight line depreciation), so after n years the value is
\(36000 - 2000n = 6000\)
\(2000n = 30000\)
\(n = 15\)