Value of Machinery is rs40000...overvaled by 33 1/3%....wht will be its value in new balance sheet??
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Given: Given that the value of machinery is 40000 and it increases by .
To find: We have to find out the new value of the machinery.
Solution:
The value of machinery is 40000 and it increases by .
The value of new machinery will be a sum of of 40000 and 40000.
So, the increased value of the machinery is-
The new value of the machinery will be sum of 40000 and 13333.33.
(40000+13333.33) =53333.33
Its value in new value sheet is 53333.33.
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