Question

Ans. [Balance DIMINISHING BALANCE OR WRITTEN DOWN VALUE METHOD 3. A manufacturing concern, whose books are closed on 31st March, purchased Machinery for 1,50,000 on 1st April, 2015. Additional machinery was acquired for 7 40,000 on 30th September, 2016 and for 25,000 on 1st April, 2018. Certain machinery, which was purchased for 7 40,000 on 30th September, 2016 was sold for 734,000 on 30th September, 2018. Give the Machinery Account for the year ending 31st March, 2019 taking into account depreciation at 10% per annum on the written-down value. Ans. [Balance 1,20,915; Profit on Sale of Machinery * 1,510). OOO​

Answer 1

Answer:

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Answer 2

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Explanation:

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