alleryStart learning →A machine with book value Rs 70,000 is sold at a loss of Rs 15,000. The investing inflow is
ARs 15,000
BRs 70,000
CRs 55,000
DRs 85,000
Answer & Solution
Correct answer: C. Rs 55,000
Sale price is book value less loss, 70000 - 15000 = 55000, which is the cash received.
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