Question

On 1 April 2010 Sawanti Ltd. purchased two machineries for 27,00,000 and 21,00,000. On 1 January, 2013 a part of machinery costing 31,00,000 was sold for 244,000 and on the same date a new machinery was purchased for 1,20,000.OnIst January 2014 another Machinery was purchased for 3,00,000. Depreciation was provided @10% p.a. on the original cost method. Prepare Machinery A/c from April 2010 to March 2014.​

Answer 1

Answer:

31.03.2014 total Depreciation is (49740+7500)= 57240.

& 01.04.2014 balance brought down is = 740160.