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Ch - depreciation and amortisation
Q- a machinery with original cost of rupees 10 lakh and nail savage value acquired on 1st April 2019 with 4 years useful life was depreciated using straight line method it was decided to sale machinery on 1st October 2021 for rupees 120000. what shall be the gain or loss on the cell of machinery?
a) loss of rupees 130000
b) gain of rupees 120000
c) loss of rupees 5000
Here the answer is option C but I have tried many times but I can't do it. Please help me!
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