Question

A company purchased machine for Rs. 60,000 on 1st January 2008, and followed the
Diminishing Balance Method of charging deprecation @ 15% p.a. At the end of 2011 ,it was
decided to follow the Straight line method of depreciating the machine at Rs. 6,000 p.a.
from the date of method of depreciation to be made in 2011.
Prepare the Machinery Account for the year 2011. Show the necessary working in detail.
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Answer 1

Answer:

amt. on 1/1/12 is rs. 30848/--