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If a factory has bought machinery , used for many years and decides to sell it at a cheaper price when it gets older , can we say that final goods are neither resold nor used for any further transformation in process of production?
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If a factory has bought machinery , used for many years and decides to...
Explanation:

Resale of Machinery:
- When a factory sells machinery that has been used for many years, it is considered a resale of the machinery.
- The machinery is considered a capital asset and its sale at a cheaper price does not involve any further transformation in the process of production.

Final Goods:
- Final goods are products that are ready for consumption and do not require any further processing or transformation.
- In the case of machinery being sold by the factory, it is not considered a final good as it is a capital asset used in the production process.

Not Used for Further Transformation:
- Once the machinery is sold by the factory, it is not used for any further transformation in the production process.
- The new owner may use the machinery for their own production process, but this does not involve any further transformation by the original factory.
In conclusion, the sale of used machinery by a factory at a cheaper price does not involve the resale or use of final goods for any further transformation in the production process. The machinery is considered a capital asset and its sale is separate from the production of final goods.
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If a factory has bought machinery , used for many years and decides to sell it at a cheaper price when it gets older , can we say that final goods are neither resold nor used for any further transformation in process of production?
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If a factory has bought machinery , used for many years and decides to sell it at a cheaper price when it gets older , can we say that final goods are neither resold nor used for any further transformation in process of production? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about If a factory has bought machinery , used for many years and decides to sell it at a cheaper price when it gets older , can we say that final goods are neither resold nor used for any further transformation in process of production? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a factory has bought machinery , used for many years and decides to sell it at a cheaper price when it gets older , can we say that final goods are neither resold nor used for any further transformation in process of production?.
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