A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car?

A. 20,000 Loss
B. 20,000 Profit
C. 10,000 Loss
D. 10,000 Profit

Right Answer: 20,000 Loss

February 22, 2018   Asghar Khan    Accounting  
Total 0 Votes:
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