Question – 9 Ganesh Ltd. purchased the following machinery:-
On April, 1 2017 Machine costing Rs. 1,00,000, Scrap Value – 10,000, Working Life – 10 Years.
On October, 15 2018 Machine costing Rs. 50,000, Scrap Value – 10% of cost, Working Life – 8 Years.
On March 1, 2019 Machine costing Rs. 60,000, Scrap Value – 9,000, Working Life – 6 Years.
On January 1, 2020 Machine costing Rs. 25,000, Salvage Value – 1/5 of the cost, Working Life – 5 Years.
Prepare machinery account & depreciation a/c from 2017-18 to 2020-21.
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thepresenteeism and Thai
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