Question

srikanth purchased a machine on 1st April 2016 for Rs.40000. depreciation is provided on machinery at 10%on straight line method. prepare machinery account for four years.​

Answer 1

Answer:

in straight line method orginal value of machinery change and depreciation amount remains same evry year

Explanation:

1st yr 40000-4000(10%) = 36000.

2nd year 36000- 4000 = 32000

3 - 32000-4000= 28000

4- 28000- 4000= 24000