Question

on 1st Jan 2015 , nikhil purchased a machinery for 42000 . the estimate life of the machinery is 10 years after which it's residual value will be 2000 . on 1st July 2016 , another machine was purchased for 9400 . find out amount of annual depreciation on the fixed installment method and prepare machinery account for the first five years . accounts are closed on 31st December every year ... PLEASE TELL ME RIGHT ANSWER .... PLEASE​

Answer 1

Answer:

On 30th April 2005, plant costing Rs 20,000 and its estimated life is 8 years. Out of the original plants purchased on 1st Jan. 2003 one ...