Question

On 1st April 2008, Sudha and Company purchased machinery for ` 64,000. To instal the

machinery expenses incurred was ` 28,000. Depreciate machinery 10% p.a. under straight line

method. On 30th June, 2010 the worn out machinery was sold for ` 52,000. The books are

closed on 31st December every year. Show machinery account.​

Answer 1

Answer:

loss on the sale of machine 19300