Correct Answer: Rs. 1,44,000
Explanation:
Value of Maruti Van, V1 = Rs. 1,96,000
Rate of depreciation, r = 14(2/7)% = 100/7%; Time, t = 2 years
Let V2 is the value after depreciation.
V2 =
V2 = 196000(6/7)(6/7)
V2 = (196000x36)/49 = Rs. 1,44,000.
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