CUET · MATHS · PYQ PAPER 2023
An asset costing C is expected to have a useful life of 5 years. If the scrap value of the asset is 3,000 and the annual depreciation charge is 2,400, then the value of C is :
- A ₹15,000
- B ₹ 17,400
- C ₹ 9,000
- D ₹ 12,000
Answer & Solution
Correct Answer
(A) ₹15,000
Step-by-step Solution
Detailed explanation
\( \text{Annual Depreciation} = \frac{\text{Cost} - \text{Scrap Value}}{\text{Useful Life}} \) \( 2400 = \frac{C - 3000}{5} \) \( 12000 = C - 3000 \) \( C = 15000 \)
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