On 1st October, 2010, meenal 1 …
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On 1st October, 2010, meenal 1 Sharma bought a machine for 25000 on which he spent 5000 for carriage and freight 1000 for brokerage of the middle-man 4000 for installation. The machine is depreciated @10% p.a. on written down value basis.on 31st March, 2013 the machine was sold to deepa for 30500 and 500 was paid as commission to broker through whom the sales was effected find out the profit or loss on sale of machine if accounts are closed on 31st March, every year.
[Wrttten down value of machine on the date of sale -----' 26,932;
Gain (profit) on sale of machine ------3,068
Posted by Aman Jaat 3 years ago
- 1 answers
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Aman Jaat 3 years ago
3Thank You