CA CPT June 2018 Question Paper Fundamentals of Accounting for online practice

Question : 27 of 53

Marks: +1, -0

Annual depreciation on machinery is Rs. 15,000. Estimated life time is 10 years andsalvage value is Rs. 10,000. At the end of the 8th year, the machine was sold for Rs. 37,500, Then there will be______