A manufacturing concern, whose books are closed on 31" December, purchased machinery for
Rs. 50,000 on 1-1-2008. Additional machinery was acquired for Rs. 10,000 on 1-7- 2009 & for
Rs. 16,061 on 1-1-2012. Certain Machinery purchased for Rs. 10,000 on 1-1-2008 was sold for
Rs. 5,000 on 30-06-2011. Give the machinery account for five years. Depreciation is written off
at 10% per annum on written down value method.
Answers
Answered by
2
Answer:
I am student of Art I don't know about answer.
Answered by
4
The value of depreciation is 25,200 Rs
Explanation:
- WN2: Calculation of Depreciation on remaining M1
Value of Remaining M1 (Rs 50,000 – Rs 8,000) = Rs 42,000
Depreciation (42,000 × 10%) = Rs 4,200
- WN3: Calculation of Value of Remaining M1 as on 31.12.2007
Value of Remaining M1 = Total Value (as on 01.01.2007) – Sold M1 (as on 01.01.2007) – Depreciation on Renaming M1
= 35,000 – 5,600 – 4,200 = Rs 25,200
The value of depreciation is 25,200 Rs
Similar questions