The initial cost of an equipment is Rs. 20 lakhs and depreciated cost after ten years is Rs. 15 lakhs. The useful life of the equipment is

Question

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10 years

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5 years

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15 years

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20 years

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Cannot be determined on the basis of the information provided

1.	The initial cost of an equipment is Rs. 20 lakhs and depreciated cost after ten years is Rs. 15 lakhs. The useful life of the equipment is
A.	5 years
B.	15 years
C.	20 years
D.	Cannot be determined on the basis of the information provided
E.	10 years
Answer» E. 10 years

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