Question

Vardhan purchased a Machine on 31st March 2017 for 70,000. Depreciation is charged at 10% under original cost method. After three years he found that the Machine was not suitable and sold for 55,000. Show the Machine a/c.​

Answer 1

Answer:

Profit = Machine A/c Balance: 6,000)

Explanation:

Depreciation is charged at 10% under original cost method. After three years he found that the Machine was not suitable and sold for 55,000. (Ans: Profit = Machine A/c Balance: 6,000)

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