company purchased machinery on november 1 2015 for 1500000 and on 1 april 2016 another machinery purchased for 800000 depriciation allowed for 10% prepare machinery account by fixed installation method
Answers
Explanation:
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Answer:
2015 by machinery account 1500000
to depreciation 150000
to closing balance 1350000
1500000 1500000
2016 by opening stock 1350000
by machinery accunt 800000
to depreciation 80000
to closing balance
2070000 2070000
Explanation: