ILLUStortiono 2. (Addition to Assets)
A company purchases a machine for 480000
on 1st January's 2004 and Spent 20,000 on its erecting
It was estimated that its scarp value will be
25,000. Additions are made on 1st January, 2006
to the value of 2,00,000 (residual value 15000).
Further additions are made on 1st July, 2007 to
the value of 1,08,000 (residual value 8,000).
The working life of all the machines is 20 years.
Prepare Machine Alc and Depreciation
ALC for 4 years after providing depreciation by
fixed instalment method. Books are closed on
31st December each year
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