Accountancy, asked by yogitamangtani, 4 months ago

a firm purchase a machine for 22500 on 1 St January 2014 with the assumption that this machine has a residual value of 2500 at the end of it's life .on 1 St July 2015 and 1 St January ,2016 another machine were purchased respectively for 5600 residual value 600 and 3300 residual value 300 . prepare machine account for 2014 2015 and 2016.charge depreciation by fixed instalment method assuming that all machine have a life of five year​

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1

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