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A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car?
Accountingmedium
20,000 Loss
B20,000 Profit
C10,000 Loss
D10,000 Profit
Correct Answer: A. 20,000 Loss
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