A machine was bought at a cost of ` 500000 on 1.1.2002. During its life of 10 years, it will be depreciated on SLM basis. On 31.12.2009, the machine was sold for ` 150000. Find out the profit/loss.

A machine was bought at a cost of ` 500000 on 1.1.2002. During its lif

1.	A machine was bought at a cost of ` 500000 on 1.1.2002. During its life of 10 years, it will be depreciated on SLM basis. On 31.12.2009, the machine was sold for ` 150000. Find out the profit/loss.
A.	Loss of ` 150000
B.	Profit of ` 50000
C.	Profit of ` 100000
D.	Profit of ` 150000
Answer» C. Profit of ` 100000

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A machine was bought at a cost of ` 500000 on 1.1.2002. During its life of 10 years, it will be depreciated on SLM basis. On 31.12.2009, the machine was sold for ` 150000. Find out the profit/loss.

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