a company purchased a machinery on 1.1.2017 for 500000. on 1.7.2018 the company purchased another machinery for 500000. the company purchased another machinery on 1.10.2018 for 200000. depreciation is to be charged at 10% per annum under straight down value method. accounts closed on 31" december every year. prepare asset account and accumulated depreciation account for the year ended 2017, 2018 and 2019.
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it is the quesn of depreciation
at first you have to add purchase and and at right side you have to find out depreciation and total them
by this way you continue process...
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