Question

Big B Solutions Ltd. purchased a plant for * 7,40,000 and spent 10,000 on its to
Depreciation be charged @ 10% p.a. on the Fixed Instalment Method. The slam
5,10,000. Books are closed on 31st March each year.
Calculate the profit or loss on sale of the plant in the following alternate cases
Case 1. Plant was purchased on Ist May, 2016 and sold on 31 March, 2019.
Case 2. Plant was purchased on 1st July, 2016 and sold on 31st March, 2018
Case 3. Plant was purchased on Ist Sept, 2015 and sold on 31 August, 2018.
Case 4. Plant was purchased on 16th July, 2015 and sold on 30th June, 2017

Answer 1

august 2015Plant was purchased on 16th July, 2015 and sold on 30th June, 2017

Answer 2

Explanation:

give me answer omigetly