Question

8. On 1.1.2013, a machine was purchased for 7 1,00,000, instalation charges being 7 5,000. The estimated life
of the machine is three years and it fetches a scrap value of 12,000. Depreciation is written off under
fixed ir stalment method. On 31.12.2015, the machine was sold for F 18,000 and on the same day a new
machine was purchased for = 2,00,000. Show machine account for three year when books of accounts are
closed on 31st December.
[Ans. Annual Depreciation 7 31,000, profit on sale F 6,000, Balance in machine account 2,00,000]​

Answer 1

Answer:

so

Explanation:

What I do for you..

Do yourself

Please follow to make study funny