The vehicle costs Rs. 1,50,000; it charges 20% depreciation according to written down value method. Estimate the value of the vehicle after depreciation at the end of three years.
Rs. 76,800
Year | Value | Depreciation at 20% | WDV |
1 | 1,50,000 | 30,000 | 1,20,000 |
2 | 1,20,000 | 24,000 | 96,000 |
3 | 96,000 | 19,200 | 76,800 |