Question

Purchased a machine for 3 10,000 on 1-1-2015. Charged depreciation on it
10% annually under fixed instalment method. On 1st January, 2017, it was
decided to increase the rate of depreciation to 15% from date of purchase on the
same method.
Show the Machinery Account from 2015-2017.
(Ans. Machinery Account Balance 5,500 Additional Dep. 1,000)​

Answer 1

10% charched 1.January and15%to account balance is 15000 rs