Math/Applied mathA vehicle costing ₹125000 has scrap value of ₹25000. If annual depreciation charge is ₹12500, then useful life of the vehicle is

A vehicle costing 125000 has scrap value of 25000. If annual depreciation charge is 12500, then useful life of the vehicle is

  1. A

    4 years

  2. B

    6 years

  3. C

    8 years

  4. D

    10 years

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    Solution:

    Cost of vehicle = 125000 

    Scrap value =25000. 

    Annual depreciation charge = 12500

    Estimated useful life =( Cost of Asset  Scrap value )/ Depreciation Estimated useful life=(125000-25000)/12500 Estimated useful life=8 years

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