Question

On 1st January 2013 a company purchased a furniture for 1,10,000. A part of the furniture was
destroyed by fire in January 2013. On 31st December, 2014 it purchased another furniture
costing 50,000. On 1st January 2015 it sold the furniture bought on 1st January 2013 for
*70,000. Prepare furniture a/c for 2 years assuming that depreciation is charged at 10% on
original cost.

Answer 1

Explanation:

1000000 answer ha ok thik ha

Answer 2

Explanation:

On first January 2013 a company purchased a furniture for 110000 a part of the furniture was dis spoid in January 2013 (10000) on 31/12/2015 it purchased unether furniture 50000 on 1/1/2015 it sold the furniture for 70000 prepare under original cost method depreciation is 10 %