CA CPT 2014 Dec Question Paper Fundamentals of Accounting for online practice

M/S Daga & Co. installed a machinery on 01-01-2007 at a cost of Rs.5,00,000. Useful life of the machineis estimated at 10 years. Depreciation is charged under straight line method. In December, 2013, theyfound that the machine became obsolete and could not be used. It was sold for Rs.50,000. There will be_______