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Book value

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(Querist)
21 January 2013 I PURCHASED AN ASSET COST 10,000/- AND CHARGED DEPERICIATION 20% ,AND I SOLD THAT ASSET OF RS 7000/- WHAT IS THE BOOK VALUE KINDLY GUIDE ME
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Jaydeep Parakh

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Jaydeep Parakh (Expert)
21 January 2013 If you charged full one year depreciation (Rs.2000)on Rs.10000 @ 20%,then book value after one year is Rs.8000/-

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