Question
Mathematics Question on Shares and Dividends
A bike costing ₹120000 has a scrap value of ₹30000. If the book value of the bike at the end of third year is ₹90000, then the useful life of the bike is,
A
6 years
B
12 years
C
10 years
D
9 years
Answer
9 years
Explanation
Solution
The correct option is (D):9 years