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?
Created: 2 months ago |
Updated: 1 month ago
best des
Total Depreciable Price 100000 + 20000= 1,20,000/-
20% of 1,20,000 = 24,000 each year
End of 3rd Year Depreciation= 24,000x3=72,000/-
Book Value = 120,000-72000=48,000
Net Loss=48,000-46,000
=2000/-
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