Accountancy, asked by toome225p5jcaq, 1 year ago

On 1-1-2010 a machinery was purchased for 8000 it was sold on 30-6-2013 for 6000 depreciation is charged at 10% on original cost books are closed on 31st december every year prepare machinery account and depreciation account for the above period

Answers

Answered by vm9765p5pk12
84
depriciation a/c
2010-2011 To balance b/d   8000                        By depriciation       800
2011-2012To balance c/d   7200                         By Depriciation       800
2012-(june)2013To balance c/d   6400               By Depriciation       400              july 2013 To balance c/d 6000. since the depriciation will be charged on original cost it means it is straight line method i.e. 10% of 8000 annually since in 2013 depriciation is charged for only six months i.e. 8000*10%/2 = 400.                  

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