Question

On 1st July 2008 purchase machine for 40,000. In 1st July
2010 buy additional machince for 10,000. On 30th June
2011 the machine which was purchased on 1st July 2008
aos sold for & 10,000. De preciation is charged at 10%
'on written down value method, year end on 31 December every year. Prepare Machince a/c Depreciation a/c for 4 years.​

Answer 1

Answer:

working note for Machine 1 (M1):

purchase = 40000

less: Total dep. = (10759)

(2000+3800+3420 29241

+1539).

less: sales proceed (10000)

Loss= 19241