Question

Purchase the first class machine for 4000 which should have an estimated lifetime of 10 years during the beginning of 2nd and 3rd year made edition 28 closing 4000 and rs 250 respectively show that the machinery account by charge depreciation @ 10% annually for 3 years

Answer 1

n e-commerce if the cost of machine is rupees 100000 and its scrap value is 10000 determine depreciation charges for each year by the sum of the years digits method if the estimated life of machine is 5 years.