On 1st Jan 2014 Chroma Ltd purchased a machine for an amount of Rs 270000/- and spent Rs20000/- on its transportation and installation. On 1st July 2014 it purchased another machine for an amount of Rs180000/-. On 1st July 2015 it sold out the first machine for an amount of Rs225000/- and on the same date purchased another machine for an amount of Rs175000/-. On 1st July 2017 it sold out the second machine for an amount of Rs122000/-. Depreciation was provided on machinery @ 10% p.a on the original cost annually on 31st Dec. In 2016, however the company changed the method of depreciation and adopted written down value method @ 15% p.a. Give machinery account for four years commencing from acquisition of first machine.
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Stoichiometry is a section of chemistry that involves using relationships between reactants and/or products in a chemical reaction to determine desired quantitative data. In Greek, stoikhein means element and metron means measure, so stoichiometry literally translated means the measure of elements.
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