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DP
Question Practice

A vehicle originally cost ₹4,00,000, is depreciated annually by ₹90,000, and sold for ₹50,000 at the end of four years. What is the profit or loss on sale?

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MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Depreciation, Provisions and Reserves
Question Bank

A vehicle originally cost ₹4,0...

Single Answer MCQ
Q-00054316

A vehicle originally cost ₹4,00,000, is depreciated annually by ₹90,000, and sold for ₹50,000 at the end of four years. What is the profit or loss on sale?

1

No profit or loss

2

Profit of ₹10,000

3

Loss of ₹10,000

4

Profit of ₹20,000

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Q1.

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What factor does NOT affect the calculation of depreciation?

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