Mathematics · Depreciation and Estimation
Find the annual depreciation cost of a building using the straight-line method, given that the building's initial cost is Rs. 3,00,000, its scrap value is Rs. 1,00,000, and its useful life is 10 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5,000 per year
- 2Rs. 20,000 per year✓
- 3Rs. 30,000 per year
- 4Rs. 10,000 per year
Correct answer
Rs. 20,000 per year
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