Suppose asset is purchased for Rs 200000, Accumulated depreciation is Rs. 170000. and asset is now sold for Rs. 35000. Calculate gain or loss?

Gain of Rs 35,000

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Gain of Rs 5,000

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Loss of Rs 5,000

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Loss of Rs 2,500

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Solution

The correct option is B
Gain of Rs 5,000

Particulars Amount

Sale Value 35000

Book Value 30000 (200000-170000)

Gain 5000 (35000-30000)

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Particulars	Amount
Sale Value	35000
Book Value	30000	(200000-170000)
Gain	5000	(35000-30000)

Suppose asset is purchased for Rs 200000, Accumulated depreciation is Rs. 170000. and asset is now sold for Rs. 35000. Calculate gain or loss?

The correct option is B Gain of Rs 5,000 Particulars Amount Sale Value 35000 Book Value 30000 (200000-170000) Gain 5000 (35000-30000)

The correct option is B
Gain of Rs 5,000

Particulars Amount

Sale Value 35000

Book Value 30000 (200000-170000)

Gain 5000 (35000-30000)