Question

A company had bought machinery for $200000 including a boiler for $20000 The machinery account had been credited for depreciation on the reducing lnstalment system for the past four years at the rate of 10%during the fifth year IE the present year the boiler became useless on account of damage to some of its vital parts and damage boiler is sold for $4000 write up machinery account.

Answer 1

Answer:

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