Q. A second hand car is purchased for ` 2,00,000 and sold at ` 1,40,000 after two years. If depreciation ischarged @ 10% on SLM method, find the profit or loss on sale of the car. (Solved)
1. 20,000 Loss ;
2. 20,000 Profit ;
3. 10,000 Loss ;
4. 10,000 Profit
- a. 20,000 Loss ;