on 1 January 2015 a purchase roasting machine for 60000 and grinding machine for 40000 on 1 January 2016 he purchased one oil expeller for 100000 on 1 January 2017 the roasting machinery got out of order and a new roster was purchase costing 120000 and the old one paying cash 90000 on 1 January 2019 the oil expeller purchase on 1 January 2017 was destroyed by fire and insurance company page 60 thousand only show machinery account at the rate of 10% depreciation by diminishing balance method
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Given: Transactions of the machines purchased by A Ltd. for four years (2015-2018).
To Prepare the Machinery Account for four years 2015-2018.
Explanation:
Attachments:
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