SWFT Comprehensive Volume 2019
42nd Edition
ISBN: 9780357233306
Author: Maloney
Publisher: Cengage
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I want to correct answer general accounting question
Transcribed Image Text:Mr. X purchased a computer for Rs 60,000. He spent Rs 8,000 on
transportation, Rs 2,000 on software installation, and Rs 5,000 on accessories.
The computer is depreciated at 15% per annum on the written down value
method. After 2 years, he sold it for Rs 48,000 and paid Rs 1,000 as brokerage.
Calculate the profit or loss on the sale.
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