Question

Depreciation n reserve

6. A manufacturing concern, whose books are closed 31st December, purchased machinery
for 350,000 on 1st January 2010. Additional machinery was acquired for 10,000 on 1st
July 2011 and for 16,000 on 1st January, 2014. Certain machinery purchased for 10,000
on 1st July 2011 was sold for 35,000 on 30th June, 2013. Show the machinery account for 5
years writing off Depreciation @10% p.a. On Written Down Value method.

Answer 1

Answer:

whose books are closed 31st December, purchased machinery

for 350,000 on 1st January 2010. Additional machinery was acquired for 10,000 on 1st

July 2011 and for 16,000 on 1st January, 2014. Certain machinery purchased for 10,000