Question

Plant and Machinery valuing
Rs. 40000 was purchased on
1/1/2017. On 1/7/2020, the
machinery was replaced by a
new machine costing Rs.
52000. The vendor takes the
old machine in part exchange
at a value of Rs. 8200.
Calculate the loss on
exchange of machinery,
​

Answer 1

Answer:

hine in part exchange

at a value of Rs. 8200.

Calculate

Explanation: