Question

Joshi purchased 2 computers for atotal of Rs.22.000. He sold one at

a gain of 6oh and the other at a loss of 5oh but then he realised that

there was neither gain nor loss. What is the cost price and sclling

price ?​

Answer 1

Answer:

As per question

Cost of Plant = Rs 50,000

Useful life = 10 years

Residual value = Rs 5000

Depreciation = Cost-Residual value/Estimated useful life

=50,000-5,000/10

=45000/10

=4500

Also,

rate of depreciation = Annual depreciation/cost of plant x 100

= 4500/50,000 x 100

>>> = 9%