Question

Ashoka Ltd. Bought a machine on 1st January, 2008 for Rs. 2,40,000 and spent Rs. 4,000 on its carriage and Rs. 6,000 towards installation cost. On 1st April, 2009, it purchased a second hand machinery for Rs. 75,000 and spent Rs. 25,000 on its overhauling. On 1st October, 2010, it decided to sell the machinery bought on 1st January, 2008 at a loss of Rs. 20,000. It bought another machine on the same date for Rs. 40,000.
Company decided to charge depreciation @ 15% p.a. on reducing balance method.
Prepare machinery account for 3 years.​

Answer 1

Answer:

heya mate!!!

first year machinery 10,000 rupess

second year machinery 11000 rupess

third year machinery 22,000 rupees

hope it helps u