alleryStart learning →An asset bought for Rs 1,20,000 has scrap value Rs 20,000 and a 10-year life. Straight-line yearly charge is?
ARs 12,000
BRs 14,000
CRs 10,000
DRs 11,000
Answer & Solution
Correct answer: C. Rs 10,000
Cost less scrap is 1,00,000, spread equally over 10 years, giving 10,000 a year.
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