Question

charge depreciation of 10% on furniture of rs.50,000.

journalise this transaction
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Answer 1

Answer:

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Answer 2

Explanation: In the given question we are depreciating the 10% of furniture that cost 50000 rupees. Assets such as furniture plant and machinery's depreciation will be directly charged to that asset account therefore reducing or deducting the value from that particular account here in our case it's furniture.