A test facility setup coast Rs. 10,00,000 at the time of installation, and its scrap value is Rs. 50,000 at the end of the useful life in 10 years. Adopting a straight line method for computation of depreciation, estimate the book value of the facility at the end of five years.
1
Rs. 5,75,000
2
Rs. 4,75,000
3
Rs. 5,00,000
4
Rs. 5,25,000