Question

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12. A company purchased a a machine on
1st April, 2016 for Rs.2000000. The
machine has an estimated useful life of 9
years and residual value of Rs.200000. The
company uses straight line method of
charging depreciation. On 1st April 2020,
the machine was sold for Rs. 1070000.
What will be the amount of gain or loss on
sale of machine. *​

Answer 1

Answer:

Open your class +1 accountancy book chapter 12( depreciation chapter) and read it carefully and deeply.

Explanation:

By doing this, You are able solve this Question...