A fixed asset costing Rs. 12,000 was sold for Rs. 5,000. At the date of disposal, it's net book value is Rs. 2,000.
What is the profit or loss on disposal of this fixed asset?

Gain of Rs. 2,000

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Gain of Rs. 3,000

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Loss of Rs. 4,000

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Loss of Rs. 3,000

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Solution

The correct option is B
Gain of Rs. 3,000

Gain
= Rs. 5,000 - Rs. 2,000
= Rs. 3000

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A fixed asset costing Rs. 12,000 was sold for Rs. 5,000. At the date of disposal, it's net book value is Rs. 2,000. What is the profit or loss on disposal of this fixed asset?

The correct option is B Gain of Rs. 3,000 Gain = Rs. 5,000 - Rs. 2,000 = Rs. 3000

A fixed asset costing Rs. 12,000 was sold for Rs. 5,000. At the date of disposal, it's net book value is Rs. 2,000.
What is the profit or loss on disposal of this fixed asset?

The correct option is B
Gain of Rs. 3,000

Gain
= Rs. 5,000 - Rs. 2,000
= Rs. 3000