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My answer is1. Ten years.
If the asset has a depreciation rate of10%, it is assumed to be10 years computed as follows:
Let X be the number of years
0.10 =1/X
0.10(X) =1
X =1 /0.10
X =10 years
Ten years .
If a Fixed asset is depreciating at a rate of10% in straight line method than the life of an asset is10 years
correct answer is ten years
thanks
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1- Ten years .............................................................................
The answer is option (1). If on depreciating the asset through original cost method, the life of the asset can be expected to be ten years.