sahani traders acquired a printing machine for 90000 on 1st January 2008 and depreciation is provided at 10% p. a. on straight line method. on 1st October 2010 the machine was sold for 45000.Accounts are closed on 31st December every year. Prepare machinery account
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calculation of depre
1) cost of the machinery as on 1st jan 2008 90000
depre @ the end of the year 9000
book value at the end of the year 81000
2) cost of the machinery as on 1st jan 2009 81000
depre @ the end of the year 8100
book value at the end of the year 72900
3) cost of the machinery as on 1st jan 201O 72900
depre on 1st oct 2010 6075
book value on sale of mach 66825
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