One machine was purchased on 1/04/2013 for Rs.30000. Depreciation on machine is 10% under
reducing balance method. Write journal entry for depreciation on 31/03/2015?
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Answer:
I don't know that the answer is right or wrong
Explanation:
WDV on 31st march 2013 = RS-72900 x 100/90
= RS-81,000
WDV on 31st march 2012 = RS-81,000 x 100/90
= RS-90,000.
Value on 1st April 2013 = RS-90,000 x 100/90
= RS-1,00,000.
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