Question

3. (Diminishing Balance Method) A flour mill depreciates its plant and machinery at
the rate of 15% per annum on the Diminishing balance method. It closes its accounts
(Balance of machinery a/c after 3
on 30th September each year. The book value of its plant and machinery as on 30173
September 2014 was * 8,59,870. On 31st Dec. 2014 it added an elevator at a cost of
38,500 and on 31st December 2015 a grinder at a cost of * 28,800. On 30th June 2015
a plant was sold for 6,850, the book value of which on 30th Sept. 2007 was 9,600.
Please write up plant and machinery account for the year ended 30th September 2016.
[Loss on sale of plant 1,670, Balance in plant a/c
on
30-9-16 6,46,292
lono 2016 the cost of plant and machine​

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

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