How to calculate profit or loss in machinery
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I think this question is incomplete ...
one can calculate the profit or loss by deducting depreciation from the cost of mechinery ... but for this you should have a vast knowledge of the life expectancy of that particular Machine because only on the basis of time you are going to calculate the depreciation and once you get the depreciation and deducting the depreciation from that machine can get you to the cost of that machine
and if you want to calculate the profit if in case you are selling it you should have to calculate the cost and deduct it by the sale value ..
one can calculate the profit or loss by deducting depreciation from the cost of mechinery ... but for this you should have a vast knowledge of the life expectancy of that particular Machine because only on the basis of time you are going to calculate the depreciation and once you get the depreciation and deducting the depreciation from that machine can get you to the cost of that machine
and if you want to calculate the profit if in case you are selling it you should have to calculate the cost and deduct it by the sale value ..
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