Accountancy, asked by ajonijo209, 10 months ago

ONGC LTD. Had a debit balance of a machinery RS. 145800 on 1.1.18. The company was started in 2015 and charged the depreciation@10% on diminishing balance method. However in2018, it wanted to change the method from diminishing balance to straight line method from 2015 and to give the effect of change in it books for the year ended 31st December 2018. The rate of depreciation remaining same. On 1.7.17, it had purchased a new machinery costing RS.50000 but it's balance was not included in the above of plant. All the aboveachineries were purchased in 2015.
Show the machinery accounts from 2015 to 2018

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