Question

Q2. On 1st July, 2008 a company purchased a machine for Rs 3.90.000 and spent Rs 10.000
on its installation. It decided to provide depreciation @ 15% per annum, using written down
value method. On 31th December, 2011 the machine was dismantled at a cost of Rs 5.000 and
then sold for Rs 100,000. Find out th value of Machinery.​

Answer 1

Explanation:

7,60,000 -£-£-£-£+£(