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? - IQ786

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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?

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?

Rs.5,800

Rs.8,300

Rs.10,800

None of these

Explanation

Book Value Formula → Cost of Asset – Total Accumulated Depreciation.

Calculation → 12,500 – (4,200 + 2,500) = 5,800.