Question

Sulekha Sons, whose accounting year is financial year purchased on Ist July, 2015,
machinery costing 60,000. It purchased further machinery on Ist January 2016 costing
40,000 and on Ist October 2016 costing * 20,000. On Ist April, 2017, one third of the
machinery installed on Ist July, 2015 became obsolete and was sold for 6,000.
Show machinery account as it would appear in the books of the firm, if machinery was
depreciated by diminishing balance method @ 10% p.a.
What should be the balance of machinery account on Ist April, 2018?
1
fo5 500 000
on Tat Anil 019​

Answer 1

Answer:

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