Question

A Plant and Machinery was purchased for 45,000 on 1st Jan., 2007. Its estimated life is 10 years and vajue will be 5,000, On 1st Jan., 2009 another machinery was purchased for 35,000. Its estimated life is 15 years residual value will be 5,000. Charge depreciation on straight line method and show the Plant and Machinery account 2007 to 2010. Accounts were closed on 31st December every year​

Answer 1

Answer:

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Answer 2

Explanation:

A Plant and Machinery was purchased for 45,000 on 1st Jan., 2007. Its estimated life is 10 years and vajue will be 5,000, On 1st Jan., 2009 another machinery was purchased for 35,000. Its estimated life is 15 years residual value will be 5,000. Charge depreciation on straight line method and show the Plant and Machinery account 2007 to 2010. Accounts were closed on 31st December every year