Practicing Success

Target Exam

CUET

Subject

-- Mathematics - Section B2

Chapter

Financial Mathematics

Question:

An asset costing ₹50,000 has useful life of 4 years. The estimated scrap  value is ₹10,000. By using linear depreciation method, the book value at the end of the second year is :

Options:

₹30,000

₹40,000

₹20,000

₹10,000

Correct Answer:

₹30,000