Question

Metropol Ltd. gained a machine for Rs 5,40,000 on 1st April 2009. Depreciation was to be charged at 20% per annum on the straight line method. On 1st October 2011, they made a modification to improve its technical efficiency at a cost of Rs 50,000 we considered which would also extend the useful life of the machine by two years. They replaced an important component of the machine at a cost of Rs 10,000 because of excessive wear and tear. Routine maintenance during the accounting year ending 31st, March 2012 cost Rs 7,500. Show for the year ending 31st, March 2012:
1.Machine account
2.Provision for depreciation account​

Heylo Pipolez

Answer 1

$\huge\star\huge\mathfrak\purple{An}\huge\mathfrak{sw}\huge\mathfrak\blue{er}\star$

Rs 50,000 we considered which would also extend the useful life of the machine by two years. They replaced an important component of the machine at a cost of Rs 10,000 because of excessive wear and tear. Routine maintenance during the accounting year ending 31st, March 2012 cost Rs 7,500

$\small\fbox\green{Good}\huge\bf\red{Morning}\star$