Question

Mohan purchased a machinery at 50,000 on 1 st January 2016.An other machinery purchased 1st July same year 30,000.He charges Depreciation by straight line method . You are required to prepare machinery Account for three years charging depreciation @10/ account are closed on 31st December every year

Answer 1

Answer:

in straight line method orginal value changes . and depreciation value remains aame

Explanation:

50000+30000= 80000₹

80000- 8000( 10%) = 72000

72000- 8000= 64000

64000- 8000= 55000

55000- 8000= 47000