Question

The foloowing balance in the books of black ltd, machinery-300000,oprovision for depreciation -79000. on 31 dec 2014 the company sold a part of machinery for rs21000 which was purchsed for 60000 on 30/9/14. on the same date a new machinery was purchased for rs 10000. depreciation is provided at 10 percent at orginal cosy method. make a provision for depreciation accont

Answer 1

Answer:

Depreciation= originalcost-scrapvalue/ estimatedlife