Question

on sold machine 428.)
On 1.1.2013, Machinery was purchased for * 80,000. On 1.7.2014 additions were made to
account of 40 DOO
On 31.3.2015, machinery purchased on 1.7.2014 costing * 12,000 was sold for 11,000 and on
30.6.2015 Machinery purchased on 1.1.2013, conting * 32,000 was sold for 26,700. On
110 2016 additions were trade to the amount of * 20.000. Depreciation
was provided at 10%
p on the Diminishing Balance Method.
Show the Machinery Account for three years from 2013 to 2016 (Year ended 31st December
Ans. Les on sale of Machinery? 115, Profit on Sale of Machinery * 2,076, Machinery Ale
Balante (Dr.)* 784321​

Answer 1

Answer:

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