. A company purchased a machinery for
Rs. 2,00,000 on 1-1-2014. The machinery is
expected to run for 5 years and its scrap value at
the end of 5th year is Rs. 50,000. It is decided to
provide for the replacement of lease at the end of
3rd year by setting up a sinking fund and investing
the fund in Government securities at 4% interest.
The machinery is sold off on 31-12- 2018 as scrap
for Rs. 50,000. On the same day investments were
also sold for Rs. 1,30,000. The new machinery was
purchased for Rs. 1,80,000 on the following day.
Show the machinery account, sinking fund
account and sinking fund investment account (Rs.
0.1846 at 4% will yield Rs 1 in 5 years)
Answers
Answer:
A company purchased a machinery for
Rs. 2,00,000 on 1-1-2014. The machinery is
expected to run for 5 years and its scrap value at
the end of 5th year is Rs. 50,000. It is decided to
provide for the replacement of lease at the end of
3rd year by setting up a sinking fund and investing
the fund in Government securities at 4% interest.
The machinery is sold off on 31-12- 2018 as scrap
for Rs. 50,000. On the same day investments were
also sold for Rs. 1,30,000. The new machinery was
purchased for Rs. 1,80,000 on the following day.
Show the machinery account, sinking fund
account and sinking fund investment account (Rs.
0.1846 at 4% will yield Rs 1 in 5 years)
Answer:
condo coco sociological childish so so zoo zoo do do so do so quo of Spain