On April 1, 2009, a company is having an asset at a carrying amount  ₹9,50,000 with fair value  ₹11,00,000 and it has entered into a package deal with one of the finance companies to sell the asset with the condition to take it back on operating lease for a period of five years. How profit or loss is to be recognized in the books of vendor–lessee in each of the following situations?

(i) Sales value is  ₹11,00,000.

(ii) Sales value is  ₹10,50,000.

(iii) Sales value is  ₹11,50,000.

(iv) Sales value is  ₹8,75,000.

(v) Sales value is  ₹8,75,000 and lease rentals have been set at a price lower than market price.