Question
Mathematics Question on Basics of Accounting
A car costing ₹8,00,000 has scrap value of ₹3,00,000. If the book value of car at the end of fourth year is ₹6,00,000, then the useful life of the car is:
A
6 years
B
12 years
C
10 years
D
8 years
Answer
10 years
Explanation
Solution
The correct option is (C):10 years