Question

Straight line Method
Qws. on 1 April, 2014. Rama & co. bought a
machine for 290,90.0.1t spent 767000 on its
installation and 1,000 on courage. Its
life was estimated to be 8 years and
schap value of machine would be ? 20,000.
Find out the amount o anual depreciation
and the rate of depriciation. You are
sequired to pass hecestou journal entries
for the 3
3 Hour assuming accounts
are dosed on ist march each year and
show the Machinery Account and
Depriciation account for 3 years.​

Answer 1

Answer:

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Explanation:

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