Question

29. Nia Ltd. purchased furniture for 5,00,000. The depreciation is charged at 10%
pa as per straight line method. Calculate the profit or loss on the sale of the furniture
in each of the followingcases:
Date of Sale
Sale Proceeds
Cas
Date of Purchase Accounting Year
Ending
31 st March, 2019
Rs. 3,50,000
1
31st December
1 st June, 2018
2
1st October, 2019 Rs. 4,60,000
31 st March
1 st December,
2018​

Answer 1

Answer:

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