Question

Mahesh traders solapur purchased furniture on 1 april 2014 for rs.20,000. In the same year on 1 oct additional furniture was purchased for rs.10000
On 1 oct 2015, the furniture purchased on 1 april 2014 was sold for rs. 15000 and on the same day a new furniture was purchased for rs.20000. The firm charged depreciation at 10% p.a. on reducing balance method.

Answer 1

Explanation:

1. depreciation is on wdv method and this is way to. do it

Answer 2

Answer:The sum is bit twisty but easy

Explanation: