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X bought a machine for Rs 25,000 on whic...

X bought a machine for Rs 25,000 on which he spent Rs 5,000 for carriage and freight, Rs 1,000 for brokerage of the middleman, Rs 3,500 for installation and Rs 500 for an iron pad. The machine is depreciated `"@ "10%` p.a. on Written Down Value basis. After three years, the machine was sold to Y for Rs 30,500 and Rs 500 was paid as commission to the broker through whom the sale was effected. Find out the profit and. loss on sale of machine.

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The correct Answer is:
[Gain (Profit) on Sale of machine- Rs 4,485.]
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TS GREWAL-DEPRECIATION-Straight Line Method
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