Question

The book value of plant and machinery on 1-1-2014 was 2,00,000. New machinery for $10,000 was purchased
on 1-10-2014 and for 20,000 on 1-7-2015. On 1-4-2016, a machine whose book value had been * 30,000 on
1-1-2014 was sold for * 16,000. Depreciation had been charged at 10% per annum since 2014 on straight line
method. It was decided in 2016 that depreciation @ 20% p.a. on diminishing balance method should be charged
with retrospective effect since 1-1-2014. Show Plant and Machinery Account upto 31-12-2016. Give detailed
workings. Also show change of method prospectively.
[B. Com. (P) Delhi 2009 Modified)
Plant and Machinery Account
Dr.​

Answer 1

Answer:

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Explanation:

Its main functions include: administering WTO trade agreements, providing a forum for trade negotiations, handling trade disputes, monitoring national trade policies, providing technical assistance and training for developing countries, and ensuring cooperation with other international organisations.

Answer 2

Answer:

I DONT KNOW THIS BECAUSE ITS VERY TOUGH AND I READ IN CLASS 7