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 Share : February 22, 2018 Asghar Khan Accounting Total 0 Votes: 0 0 Tell us how can we improve this Mcqs? Captcha: + = Verify Human or Spambot ? Related Mcqs Check Below -Depreciation is a process of?The concession received on the price of defective goods is called?Double entry implies that?