A company purchase the machine for 100000 on 1st july 2001 . one fourth of machine was found unsuitable and sold out for 20000 on 31th september 2003 . and it was decided to write of 10 % depracation on written down value method the closing date of account was 31th december each year . write up machinery account up to 31 december 2003 .
Answers
Answered by
0
Answer:
WDV on 31st march 2013 = RS-72900 x 100/90
= RS-81,000
WDV on 31st march 2012 = RS-81,000 x 100/90
= RS-90,000.
Value on 1st April 2013 = RS-90,000 x 100/90
= RS-1,00,000.
Similar questions