Question

machinery for 10,000 was purchased on 1-1-2011 and for 20,000 on 1-10-2011. On
On 1-4-2010, a Company purchased plant and machinery for 2,00,000. New
1-7.2012, a machinery whose book value had been 830,000 on 1-4-2010
was sold for
116,000 and the entire amount was credited to Plant and Machinery Account.
Depreciation had been charged at 10% per annum on straight-line method. Accounts
closed on 31st March every year. Show the plant and Machinery Account from
1-4-2010 to 31-3-2013



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Answer 1

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