Question

16.62
On 1st January, 2013, a machinery of the original value of $20,000 which we
included in the machinery purchased on 1st April, 2010, was sold for 6,000.
Plant & Machinery A/c for three years after providing depreciation
[Ans. Loss on sale of machinery 8,500; Balance of Machinery Alc on 314
1. Prepare
at 10%
Straight Line Method. Accounts are closed on 31st March every year.
(KVS 2017
March, 2013, 1,28,125.]​

Answer 1

Answer:

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