ABC purchased an office equipment for Rs.25,000 on 1-4-2012 and spent Rs.5000 on its installation. The...
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ABC purchased an office equipment for Rs.25,000 on 1-4-2012 and spent Rs.5000 on its installation. The office equipment is being depreciated at the rate of 10% p.a. under SLM. On 30th September 2014 the firm decided to sell the office equipment for Rs. 15,000. Find out the book value of the office equipment on the date of sale ABC purchased an office equipment for Rs.25,000 on 1-4-2012 and spent Rs.5000 on its installation. The office equipment is being depreciated at the rate of 10% p.a. under SLM. On 30th September 2014 the firm decided to sell the office equipment for Rs. 15,000. Find out the book value of the office equipment on the date of sale
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