Usha Ltd. Co. bought a machinery cost Rs. 80,000 on 1st April 2016 and spent
Rs. 20,000 for its installation and repairs. Company use 10% p.a. straight line
method for depreciation. Accounts are closed each year in 315" December. Prepare
Machinery account for three years,
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Answer:
820000×10 % = 82000
82000 × 3 = 246000 dep
820000 - 246000 = 574000 by bal. c/d after 3rd year
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