Question

Provision for Depreciation A/C
asset Disposal Alc
36. X Ltd. purchased a machine for 5,00,000 on 1-4-2017. Depreciation is
provided at 10% p.a. on original cost method and books are closed on 31st
year. On 1-7-2019, a part of machine bought on 1-4-2017
for 1,50,000 was sold for 90,000 and a new machinery was purchased
on the same date.
Prepare Machinery A/c, Provision for Depreciation A/c and Machinery
December each
for 2,00,000
Disposal A/C.
[Ans. Loss on sale 26,250; Balance of Machinery A/c 5,50,000 &
Provision for Depreciation of 1,06,250 i.e., (96,250 + 10,000)​

Answer 1

Answer:

For changing the font in HTML we use<Font color''''> tag...