A vehicle acquired for Rs 60,000 on 1st September 2005 and depreciated at 20% on WDV was sold for Rs. 4,000 on 31st March 2011. Expenses of disposal was Rs. 200.
What is the gain or loss on disposal?

Rs. 600 gain

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Rs. 11,929 gain

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Rs. 11,929 loss

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Solution

The correct option is C
Rs. 11,929 loss

Year Value Dep WDV

2005-06 60,000 12,000 48,000

2006-07 48,000 9,600 38,400

2007-08 38,400 7,680 30,720

2008-09 30,720 6,144 24,576

2009-10 24,576 4,915 19,661

2010-11 19,661 3,932 15,729

Loss
= Rs. 15,729 + Rs. 200 - Rs. 4,000
= Rs. 11,929

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Year	Value	Dep	WDV
2005-06	60,000	12,000	48,000
2006-07	48,000	9,600	38,400
2007-08	38,400	7,680	30,720
2008-09	30,720	6,144	24,576
2009-10	24,576	4,915	19,661
2010-11	19,661	3,932	15,729

A vehicle acquired for Rs 60,000 on 1st September 2005 and depreciated at 20% on WDV was sold for Rs. 4,000 on 31st March 2011. Expenses of disposal was Rs. 200. What is the gain or loss on disposal?

The correct option is C Rs. 11,929 loss Year Value Dep WDV 2005-06 60,000 12,000 48,000 2006-07 48,000 9,600 38,400 2007-08 38,400 7,680 30,720 2008-09 30,720 6,144 24,576 2009-10 24,576 4,915 19,661 2010-11 19,661 3,932 15,729 Loss = Rs. 15,729 + Rs. 200 - Rs. 4,000 = Rs. 11,929

A vehicle acquired for Rs 60,000 on 1st September 2005 and depreciated at 20% on WDV was sold for Rs. 4,000 on 31st March 2011. Expenses of disposal was Rs. 200.
What is the gain or loss on disposal?

The correct option is C
Rs. 11,929 loss

Year Value Dep WDV

2005-06 60,000 12,000 48,000

2006-07 48,000 9,600 38,400

2007-08 38,400 7,680 30,720

2008-09 30,720 6,144 24,576

2009-10 24,576 4,915 19,661

2010-11 19,661 3,932 15,729

Loss
= Rs. 15,729 + Rs. 200 - Rs. 4,000
= Rs. 11,929