Karthik & Company bought a Machine on 1st Jan 2017 for 1,00,000. Depreciation is provided at 15% under straight line method. Another Machine was purchased on 1st October 2019 for 50,000. Company closes its accounts every year at the end of the financial year. Prepare Machine account for four years.
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provided at 15% under straight line method. Another Machine was purchased on 1st October
2010 for 50,000. Company closes its accounts every year at the end of the financial year
Prepare Machine account for four years.
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Answer:
machinery account balance is equal to 97500
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