Question

JIO IVIAICHI 2014 <8,00,000.
Q. 18. A firm is willing to change the system of providing for depreciation from Diminishing
Balance Method to Straight Line Method with retrospective effect from 1st April, 2012. On Ist April,
2014, machinery account in the Ledger had a debit balance of 5,67,000. The rate of depreciation
would, however, remain unchanged. Necessary adjustments for depreciation due to change in method
should be made in the year 2014-15. Rate of Depreciation 10% p.a. You are further informed that new
machinery were purchased on 1st October, 2014 at a cost of 360,000.
Show the Machinery Account from 2012-13 to 2014-15.
10102200 ana
D
i arinn due to change in method​

Answer 1

Answer:

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Explanation:

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