Question

12) Krishnamurthi purchased a machine for 3,00,000 on 1st August, 2016. Another machine
was purchased on 1st January, 2018 for * 1,80,000. The depreciation was charged @ 10%
p.a. on original cost of the machines. Both the machines were sold on 1st February, 2019
for 2,45.000 and 5,000 brokerage was paid on sale.
Prepare Machinery Account for the years 2016-17 to 2018-19.​

Answer 1

Explanation:

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