Mathematics · Depreciation
A bank is evaluating a mortgage loan application for a 15-year-old residential apartment building whose estimated total economic life is 60 years. The valuer has assessed the current replacement cost of the building (excluding land) at ₹3,00,00,000 (3 Crores). If the bank uses the straight-line method for depreciation, what is the current depreciated value of the building component that the bank should consider for its loan security assessment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,75,00,000
- 2₹2,50,00,000
- 3₹75,00,000
- 4₹2,25,00,000✓
Correct answer
₹2,25,00,000
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