The cost of machinery is Rs.60,000. Descreciation is charged at 20% p.a. under SLM. In the 2nd year it is decided to change the method and adopt WDV [email protected] 20% p.a. If the meachine was sold for Rs.30,000 at the end of the 3rd year, calculate the amount of loss.

The cost of machinery is Rs.60,000. Descreciation is charged at 20% p.

1.	The cost of machinery is Rs.60,000. Descreciation is charged at 20% p.a. under SLM. In the 2nd year it is decided to change the method and adopt WDV [email protected] 20% p.a. If the meachine was sold for Rs.30,000 at the end of the 3rd year, calculate the amount of loss.
A.	Loss 4,720
B.	Loss 4,560
C.	Loss 720
D.	Loss 560
Answer» D. Loss 560