Academic MBA Question:
Wildcat Ltd, a manufacturing
company sold a machinery for Rs 8 lacs at the year end. The company had
purchased the machinery four years back for Rs 15 lacs and had depreciated the
same using written down value method of depreciation @ 20%.
As an accounts executive of Wildcat
Ltd, calculate the WDV of the asset for the four years, accumulated
depreciation for four years and profit/loss on sale, if any.
Academic Assignment Answer: