CA CPT Dec 2016 Question Paper Fundamentals of Accounting for online practice

The cost of machinery is ₹60,000 Depreciation is charged at 20% p.a. under SLM. In the 2 ndyear it is decided to change the method and adopt WDV method @ 20% p.a. If the machinewas sold for ₹30,000 at the end of the 3rd year, calculate the amount loss: