Question

the book value of machinery on date of sale is rupees 45000 original price of it was rupees 85000 the company sold it at a profit of rupees 7000 what is the sale proceed?



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Answer 1

Answer:

52,000

Explanation:

Original Price of Machinery = 85,000

Price of Machinery on the date of Sales After deduction of Depreciation = 45,000

Company sold it at a profit of Rs. 7,000

Actual Sales of Machinery = Price of Machinery on the date of Sales - Profit

                                             =45,000 + 7,000

                                              = 52,000

Therefore the Sales Proceeds is Rs. 52,000

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