Question

PLEASE SOLVE THIS ACCOUNT DEPRECIATION. ...From the following information provided by Rex Co.LTD you are required to prepare it's plant and machinery account for three financial years ending 31st March 2019.the company charges depreciation @10%per annum on the straight line method. it closes it's books of accounts on 31st March every year. .......1/10/16- cost price of second hand machines purchased rupees 3,00,000...1/10/16-spent on overhauling the second hand machines purchased rupees 30,000....1/1/17-cost price of machine purchased rupees 1,80,000....30/6/17-one third of machines purchased on 1st October 2016 was sold at a loss of rupees 18000....30/6/17-cost price of a machine purchased rupees 90,000........​

Answer 1

Answer:

Here is the answer!

Explanation:

depreciate at end of each financial year.