Question

A machine was purchased on 1st April 2018 for 5,00,000 and on 1st October
2018 a new machine is added for 2,00,000. Calculate the balance of machine
account, if depreciation is charged at 20% p.a. on written down value method for the year ending March 31,2019​

Answer 1

Answer:

5,60,000

Explanation:

Add the value on April 1 and October 1 take 20% of it and subtract the 20% to the original amount i.e; 7,00,000. Your answer is 5,60,000

Answer 2

Answer:

ans is 5,80,000

Explanation:

dep for 1 - 100000

2 machine - 2,00,000 * 6/12 * 20%

= 1,20,000

now 7,00,000-1,20,000

= 5,80,000