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A machine costing Rs.400000 was purchased on 1.1.2016 . The rate of depriciat is 10% on diminishing balance method. A machine costing Rs. 100000was sold 31.3.2018 for Rs. The first three years |
Answer» Explanation: less: dep @10% 40000 macine as on 31.12 360000 machine in 1.1.1.17 360000 less [email PROTECTED] 10% 36000 machine as on 31.12 224000 machine as on 1.1.18 224000 less dep @10% 22400 machine as on 31.12 201600 sale 100000 profit 101600 the questions is not very clear. so to my understanding o did it |
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