Direction: Cost of a new building is Rs 10,00,000 and its scrap value after 50 years is Rs. 1,00,000. Using straight line method
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The book value after 10 years in Rs. would be
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- 1,80,000
- 3,60,000
- 6,00,000
- 8,20,000
Correct Option: D
Annual depreciation = 18000, so after 10 years the value will be depreciated by 10 × 18000 = 180000
Book value = 1000000 – 180000 = 820000
