Accountancy, asked by mjawanda594, 7 months ago


01.10.16
will be
machinary costing Rs 1,00,000 depreciation will be charged
at the
@ 15% pa
on 01.07.18 machinery was sold of
for Rs 55,000 books are closed on
31march every year​

Answers

Answered by anjaliiiiii
1

on 1/10/16 machinery= 100000rs

dep (1.10.16- 31.3.17) = 100000×6/12 ×15/100

= rs 7500

dep ( 1.4.17- 31.3.18) = 100000 × 12/12 × 15/100

= rs 15000

dep ( 1.4.18- 1.7.18) = 100000 × 4/12 × 15/100

= rs 5000

profit/ loss = cost of machinery - depreciation

( total of all years) - sale value of

machinery

= 100000 - ( 7500+15000+5000) -

55000

= 100000 - 27500 - 55000

= 17500 rs

profit = 17500rs

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