Question

Mohan and Sons purchased a machine for Rs. 50,00,000 on April 1, 2013. The machinery was depreciated at 10 per cent under the straight line method. On April 1, 2016, they changed the method of depreciation from straight line method to written down value method without changing the rate and effective from the beginning. Show the Machinery Account from April 1, 2013 to March 31, 2017. [8​

Answer 1

Answer:

Explanation:

Cost of. Machinery(1.04.2013) =5,00,000

Less:1st Deprecation

(01.04.2013-31.03.2014).

(5,00,000×10%)