Question

laxmi limited purchased a machinery for ₹40000 on 1st October 2015. Depreciation is provided @10% p. a. on the diminishing balance method. on 1st january, 2018,one-fourth of machinery was found unsuitable and disposed off for ₹6000. on the same date a new machinery at a cost of ₹15000 was purchased. write up the machinery acount for 4 years. the accounts are enclosed on 31st march ​

Answer 1

Explanation:

I want answer of this question

Answer 2

Answer:

Depreciation of  cash flow from Investing Activities on the basis of the above information.

Explanation:

Depreciation is a time period applied in accounting to explain brilliant factors of the equal concept: first, the actual decline in an asset's truthful price through the years, along side the fee of factory device declining every year as it is used and wears out; and second, the allocation in accounting statements of the asset's initial value to the durations wherein the asset is used (depreciation with the matching principle)

Depreciation is the method of reallocating, or "writing down," the rate of a tangible object (along with machine) over the route of that asset's useful lifestyles. It additionally refers back to the decline in asset rate. lengthy-term belongings are depreciated via companies for accounting and tax reasons.

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