The cost of machine, which is removed and sold as scrap, is Rs 5,00,000. The scrap value is Rs 50,000. The accumulated depreciation is Rs 4,80,000. The removal expenses amount to Rs 5,000. The release...

The cost of machine, which is removed and sold as scrap, is Rs 5,00,000. The scrap value is Rs 50,000. The accumulated depreciation is Rs 4,80,000. The removal expenses amount to Rs 5,000. The release of net working capital amounts to Rs 7,000. Tax rate is 30%. Find the net salvage value.