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A Co . depreciates its Machinery at 1 0 % p . a . as per the Diminishing Balance Method. It had 2 , 4

A Co

.

depreciates its Machinery at

10 %

.

.

as per the Diminishing Balance Method. It had

2, 43, 000

in Machinery A

/

c on

1 / 1 / 22 .

Part of the Machinery was purchased on

1 / 1 / 20

for

30, 000

and was sold for

20, 000

1 / 7 / 22 .

What is the loss on sale of the Machinery?

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