A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of depreciation using straight line method of depreciation?%!

A company purchased a vehicle for Rs.6000. It will be used for 5 years

1.	A company purchased a vehicle for Rs.6000. It will be used for 5 years and its residual value is expected to be Rs.1000. What is the annual amount of depreciation using straight line method of depreciation?%!
A.	Rs. 1000
B.	Rs. 2000
C.	Rs. 3000
D.	Rs. 5000
Answer» B. Rs. 2000