Question

A machinery was purchased 1.1.2005 at rs 150000 and spent rs 5000 as sprite charges and 15000 as installation charges depreciation is to be provided at 10% per annum as staright line method after using the machinery for 3 years,its was sold for rs80000 accounts are closed on 31st december every year calculate profit or loss on sale of machinery​

Answer 1

Answer:

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