Question

Aman Enterprises purchased a Machine on 1 April, 2010 for * 6,00,000. It purchased
additional machinery for 3,00,000 on 30th September, 2012 Depreciation is to be charged
31st December every year. Prepare Plant & Machinery Account for 4 years.
@ 10% per annum on Straight Line Method. Assuming that the accounts are closed on
31 december

Answer 1

Answer:

This may help you mark me brainliest.

Explanation:

As per sum of year digit method of depreciation,

Useful life = 5 years

Cost = Rs 6,00,000

the digits in the years of the asset's useful life are summed: 1 + 2 + 3 + 4 + 5 = 15.

Calculation of amount of depreciation during the year 2014-2015 is

=1/15 x 600000

= 40,000