Question

On 1.04 2015 a limited company purchased a machinery for ₹1, 20,000 and on 30.09.2016 it acquired additional machinery at a cost of ₹20, 000 on 31.6.2017 one of the original machine purchased on 1.4.2015 which had cost ₹ 5000 was found to have become obsolete and was old scrap for 500 .. It was replaced on the same day new machinery costing₹8000. Depreciation is to be provided at 15% per annum on the written down value method. Show the Machinery A/c for the first three years close the books on 31st March every year... plz can anyone solve this problem.... ​

Answer 1

Answer:

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