If a motor van costs Rs.12,500, its accumulated depreciation is Rs.4,200, and depreciation charged for the year is Rs.2,500, what will be its book value at the end of the period?
Answer: Rs.5,800
Explanation
Book Value Formula → Cost of Asset – Total Accumulated Depreciation.Calculation → 12,500 – (4,200 + 2,500) = 5,800.
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