Question

On 1-7-1980. Raja gopal purchased a second hand car for Rs. 18,000 and spent Rs. 2,000 on its repairs. On 30-6-1983, the car was disposed off for a sum of Rs. 13,600. Assuming that the books are closed on Dec 31 each year and the depreciation is 10% on diminishing balances, calculate the amount chargeable to Profit & Loss account for the year 1983

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Answer 1

Answer:

40%

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Answer 2

Answer:

on 1-7 -1980 Rajagopal purchased a second hand car for rupees 18000 and spend rupees 2,000 on its repair on 3-6- 1983 the car was disposed off for a sum of 13600 assuming that the books are closed on December. 31each year and the depreciation is 10 % on diminishing balance calculate the amount chargeable in the profit and loss account for the year 1993

Step-by-step explanation:

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