Question

A company purchased machinery for $7,200 on 1st March,2002. Depreciation was written off annually on 31st December at 10% per annum on the diminishing balance. On 1st July, 2004, part of the machinery valued in the books of the firm at $1,200 on 1st March, 2004 was sold for $900. Show the Machinery Account as it would appear in the books of the company for the year 2002, 2003 and 2004?

Answer 1

Answer:

1st April, 2007, a limited company purchased a Machine for ₹ 1,90,000 and ... The accounts are closed on 31st March every year. ... Value of Machinery on June 30, 2011, 46,500.

Explanation:

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Answer 2

Answer:

Answer will be dollar 300

Not sure of the answer