Question

a company whose accounting year is the calendar year purchased on 1st April 2007 machinery costing rupees 30000 it purchased for that machinery on 1st October 2007 costing rupees 20000 and on 1st July 2008 costing rupees 10000 on 1st January 2009 on one third of the machinery which was installed in 1st April 2007 become excellent and it was sold for rupees 3000 rupees so how the machinery account would appear in the books of company it being given that the company is depreciation by fixed installment method at 10% per annum​

Answer 1

Answer:

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Answer 2

Answer:

The books of company it being given that the company is depreciation by fixed installment method at 10%

Explanation:

In accountancy, depreciation is a term that refers to 2 components of the equal concept:

first, the real lower of truthful cost of an asset, consisting of the decrease in price of manufacturing facility equipment each year as it's miles used and put on, and 2nd, the allocation in accounting statements of the unique fee of the belongings to intervals wherein the assets are used (depreciation with the matching principle).

Depreciation is thus the lower inside the fee of property and the approach used to reallocate, or "write down" the value of a tangible asset (including gadget) over its useful lifestyles span.

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