AID17576: a. A logistics company sold a
car of Rs 2.5 lacs. The company had purchased the car three years back for Rs
10 lacs and had depreciated the same using straight line method of
depreciation, assuming its useful life to be five years and a residual value of
Rs77760. Calculate the WDV after charging depreciation for third year,
accumulated depreciation for three years and profit on sale, if any.