Mathematics · Depreciation
X Ltd. purchased a plant for Rs. 7,80,000 and spent Rs. 60,000 on its installation. Its scrap value is Rs. 42,000, and it has a useful life of 10 years. What will be the rate of depreciation according to the straight-line method?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 19 percent
- 29.5 percent✓
- 310.5 percent
- 410 percent
Correct answer
9.5 percent
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