Question

Jung Traders purchased an equipment on lst July, 2015 for R 28,000 and spent2,000 for
its carriage and installation. On 1st October, 2015 and on 1st Jan., 2016 additional
equipments were bought for 40,000 and 10,000 respectively. On 31st March, 2017, first
equipment was auctioned for ? 20,000 and replaced by a new one for 20,000 on the same
day. On 30th September, 2018, the second equipment was taken away at home at 60% of
the book value. On 31st March, 2019, third equipment was heavily damaged and could not
fetch anything. Depreciation was charged at 20% p.a. on reducing instalment basis.
Prepare Equipment Account till March 31, 2019 with all workings, financial year being
followed. ​

Answer 1

Answer:

investors stay away from economic growth

Explanation:

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