Question

15.30)
5. Mohan purchased a machinery at 50,000 on 1st January, 2016. An other machinery
purchased in Ist July same year 30,000. He charges depreciation by straight line method.
You are required to prepare Machinery Account for three years charging depreciation @ 10%.
Accounts are closed on 31st December every year.
(U.S.E.B., 2014)
(Ans. Annual Depreciation 50,000 = 75,000; Depreciation on * 30,000 for 6 months = * 1,500,
Annual Depreciation on 30.000 = 3,000; Balance of Machinery A/c (31.12.2018):
* 35,000 + 22,500]
6 Mis Iokesh Fabrics nurchand​

Answer 1

Answer:

Mohan purchased a machinery at 50000 on 1st January 2016 an other machinery purchased in 1st July same year 30000 he charges depreciation by straight line method you are required to prepare a account for three years charging depreciation @10% accounts are closed on 31st December every year

1

Step-by-step explanation:

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