Depreciation of Rs. 15,000 is charged on a Machine in 8 years. Life of Assets is 10 years and scrap value Rs. 10,000. This is sold for Rs. 37,500. Find profit & Loss:

Question

Examsnet · Accepted Answer

Correct Answer is :  Profit of Rs 23,750

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