Five years ago, on old machine was purchased for Rs. 1,00,000 and Rs. 10,000 was paid on its repairing charges. There was also accumulated depreciation of Rs. 50,000 on this machinery. At the beginning of the sixth year it was sold for Rs. 60,000. Profit or loss from this sale will be

The correct answer is: B. Loss of Rs. 50,000

The total cost of the machine is Rs. 1,00,000 + Rs. 10,000 = Rs. 1,10,000.
The accumulated depreciation is Rs. 50,000.
The sale price is Rs. 60,000.
Therefore, the loss from the sale is Rs. 1,10,000 – Rs. 60,000 = Rs. 50,000.

Option A is incorrect because the profit is Rs. 10,000, not Rs. 10,000.
Option C is incorrect because the loss is Rs. 50,000, not Rs. 40,000.
Option D is incorrect because there is a loss from the sale, not no profit or no loss.