Question : The book value of the furniture on 1st April 2019 is Rs. 30,000. Half of this furniture is sold for Rs. 10,000 on 30th September 2019. Depreciation is to be charged on furniture @ 10% p.a. Calculate loss on sale of furniture.

Question : Calculate the amount of depreciation on Furniture and loss on the sale of furniture:

Opening balance of furniture Rs 2,000

Closing balance of furniture Rs 1,080

Sale of furniture Rs 750

Depreciation charged on furniture is 10%.

Question : Furniture as on 31st March, 2019—Rs. 4,40,000; Furniture (having book value as
on 1st April, 2019—Rs. 40,000) sold at a loss of 20% on 31st December, 2019. Furniture is to be depreciated @ 10% p.a. Furniture costing Rs. 3,00,000 was also purchased on

Question : Furniture as of 1st April, 2019—Rs. 2,20,000; Furniture (having book value as on
1st April, 2019—Rs. 20,000) sold at a gain (profit) of 20% on 31st December, 2019.
Furniture purchased on 1st October, 2019 for Rs. 1,00,000; Charge depreciation @ 10% p.a.

Question : Mention the net amount of 'source' or 'use' of cash when a fixed asset having book value of Rs.15,000 is sold at a loss of Rs.5,000 -