Question

Provision for Depreciation Account
0.25. Ltd. purchased a second-hand machinery for 393,000 on 1st Jan., 2014 and
Account 24,64,176; Loss on Sale of Machinery ? 10,862.)
*27,000 on its overhaul and installation before putting it to operation. It is expected
hat the machine can be sold for 30,000 at the end of its useful life of 15 years. Prepare
Machinery Account and Provision for Depreciation Account for the first three years
charging depreciation by fixed instalment method, Accounts are closed on 31st March
every year
f​

Answer 1

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