Question

A machine purchased on 1-12-2016 at cost of 50,000 and Rs.4,000 was spend on installation.The depreciation is written off at 15% on the original cost of every year. the books are closed on 31.12. each year. the machine was soled Rs.25,000 on 31.3.2019. so machinery account for all the years.
(compulsory)​

Answer 1

Answer:

Total cost of machinery is 54,000 you should charge depreciation at 15% by straight line method and you would easily get the answer..