Question

M/s nath & co. Purchase a machinery for 11000₹ on 1st jan 2016 the estimated life of the machinery is 10 years after which its break up value will be ₹1000 . depreciation had to be charge at 20% on the diminishing balance method. There was an addition to the original machinery on 1st jan 2018 to the value of ₹2000. You are required to prepare machinery account for the first three years

Answer 1

Answer:

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Explanation:

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