Question

A company whose accounting year is a financial year, purchased on 1st July, 2015 machinerycosting * 30,000It purchased further machinery on 1st January, 2016 costing 720,000 and on 1st October,2016 costing 10,000.On 1st April, 2017, one-third of the machinery installed on 1st July, 2015 became obsoleteand was sold for 3,000.show how machinery account would appear in the books of the company . It being given that machinery was depreciated by fixed instalment method at 10% per annum . What would be the value of Machinery account on 1st April ,2018 .​

Answer 1

Answer:

keep purchase purcahse of machine on dr side continue charge dep on it on cr side nd uses of slm can make transwfer the balance nd sell the machine in 1/3 part by divinding it in parts hope it helps u can contact me if help need