Question

KK Bros. purchased a machinery for 60,000 on 1st January, 2016. On 1st July, 2016
additional machinery costing 20,000 was purchased. On 1st July 2018, the machinery
purchased on 1st January, 2016 having become obsolete, was sold for cost of 28,600. On
the same date, a new machinery for purchase for 40,000. Depreciation was provided
annually on 31st December @ 10% p.a. on Written Down Value Method. Prepare the
Machinery Account as it would stand at the end of each year from 2016 to 2018. (6Marks)​
​(20 points for the first one who answers it)

Answer 1

Answer:

Oho.... What a question