Mathematics · Aptitude and Statistics
A machine was purchased on 1st April 2022 for ₹10,00,000. The company uses the Written Down Value (WDV) method of depreciation at 15% per annum. On 1st October 2024, the machine was sold for ₹6,50,000. 1. Calculate the Written Down Value of the machine on the date of sale. 2. Calculate the Profit or Loss on the sale of the machine.
- 1WDV: ₹6,14,125; Loss: ₹35,875
- 2WDV: ₹7,22,500; Loss: ₹72,500
- 3WDV: ₹6,68,312; Loss: ₹18,312✓
- 4WDV: ₹6,14,125; Profit: ₹35,875
Correct answer
WDV: ₹6,68,312; Loss: ₹18,312
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