CA CPT Dec 2017 Question Paper Fundamentals of Accounting for online practice
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The book value of a machinery on 01.04.2016 was ₹ 70,000. Depreciation is chargedat 10% p.a. under W.D.V. Method on 31st March every year. The machine was sold for₹ 60,000 on 01.08.2017, Calculate the Profit / Loss on sale of machinery:
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