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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?

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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? Answer: Rs.5,800

The book value of an asset is its original cost minus accumulated depreciation. Here, the motor van’s book value at the end of the period = Rs. 5,800.

Question context

This question is part of 📚 General Knowledge within the broader 🌐 Current Affairs & GK subject and appears in the Audit preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.