CUET Preparation Today
A television set costing ₹50,000 has a useful life of 14 years. If annual depreciation is ₹3,000, its scrap value will be : |
₹8,000 ₹10,000 ₹4,000 ₹6,000 |
₹8,000 |
The correct answer is Option (1) → ₹8,000 Using straight line depreciation method, $\text{Scrap value = Cost price - (Annual depreciation × life)}$ $= 50,000 - (3,000 × 14)$ $=8,000$ |
