On 1st April 2008. Super Technologies Limited bought three computers at a total cost of 300.000.
The estimated useful life of computers is three years with a residual value of 260,000. The company
follows SLM for charging depreciation. On 3 Ist March 2011, these were sold for 70,000. Pass the
necesxary journal entries in the books of Super Technologies Limited. How will the asset and deprecia-
tion appear in the financial statements of the company?
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12. Niku Ltd. forfeited 5,000 shares of 10 each, fully called upon which Mrs. Anna has paid<br />only application and allotment money of 76 per share. All the shares were reied to Mr.<br />Abhi at 9 as fully paid up.<br />Pass Journal Entries.<br />W.AC. 2016)<br />(Ans. Capital Reserve * 25,000)
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