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KDL charges depreciation @ 20% on written down value method. Net book value of its machinery on 1st January, 2003 was Rs.125,000 / - assuming there were no additions or disposals during the year. If interest on drawings is charged @ 15% p.a., what is the amount of income for XYZ and Co. As on 31st march, 2004?
KDL charges depreciation @ 20% on written down value method. Net book value of its machinery on 1st January, 2003 was Rs.125,000 / - assuming there were no additions or disposals during the …