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V. V. Bros. purchased a machine on 1st October - 2003 at cost Rs. 2 - 70 - 000 and spent Rs. 30 - 000 on its installation. The firm written off depreciation 10% per annum on original cost every year. The books are closed on 31st March every year. The machine is sold on 30 September - 2006 for Rs. 1 - 90 - 000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?

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V. V. Bros. purchased a machine on 1st October - 2003 at cost Rs. 2 - 70 - 000 and spent Rs. 30 - 000 on its installation. The firm written off depreciation 10% per annum on original cost every year. The books are closed on 31st March every year. The machine is sold on 30 September - 2006 for Rs. 1 - 90 - 000. How much amount will be transferred to P & L A/c as loss on sale of machinery ?






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