Question

A machine was purchased on 01-04-2012 for Rs.15,00,000. The scrap value is estimated at Rs.50,000. Depreciation is charged at 15% p.a. under WDV method. The machine was sold on 01-07-2015 for Rs.9,04,115. Calculate the profit. (a) Rs. 17,472 (b) Rs. 47,026 (c) Rs. 17,073 (d) Rs. 67,472

Answer 1

the Reserve of Rs. 15,000 is divided among the partners in the ratio of. : (a) Rs 2,500 : Rs 5,000 : Rs 7,500 (b) Rs 5,000 : Rs 2,500 : Rs 7,500 (c) Rs 7,500, : Rs 5,000 : Rs 2,500 (d) Rs 2,500 : Rs 7,500 : Rs 5,000