Three years ago, a machine was bought for Tk 1,00,000. The installation cost was Tk 20,000. The machine was depreciated in a straight line method at 20% per year. At the end of the 3rd year, the machine was sold for Tk 46,000. What is the gain/loss from sale of this machine?

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Satt Academy · Accepted Answer

loss of Tk 2,000 - Total Depreciable Price 100000 + 20000= 1,20,000/-20% of 1,20,000 = 24,000 each yearEnd of 3rd Year Depreciation= 24,000x3=72,000/-Book Value = 120,000-72000=48,000Net L...

Three years ago, a machine was bought for Tk 1,00,000. The installation cost was Tk 20,000. The machine was depreciated in a straight line method at 20% per year. At the end of the 3rd year, the machine was sold for Tk 46,000. What is the gain/loss from sale of this machine?

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