An asset costing ₹C is expected to have a useful life of 5 years. If the scrap value of the asset is ₹3,000 and the annual depreciation charge is ₹2,400, then the value of C is :

₹15,000

$\text{Useful life}=5\text{ years}.$

$\text{Annual depreciation}=2400.$

$\text{Total depreciation in 5 years}=5\times2400=12000.$

$\text{Scrap value}=3000.$

$\text{Cost of asset }C=\text{Total depreciation}+\text{Scrap value}.$

$C=12000+3000=15000.$

$\text{Value of }C=₹15000.$