Question

ILLUSTRATION 1 (Life of Asset given in Years) A trader bought machinery on. Ist
April, 2013 for 1,25,000 whose useful life has been estimated 5 years. After the expiry of useful
life, the scrap will realise * 25,000. Prepare machinery account and depreciation account,
charging depreciation by fixed instalment method for 5 years, when books are closed on 31st
March every year.​

Answer 1

Answer:

125000 - 25000 all÷ 5 ans 500000