Question

VCUD OLS.200 0,00
12 A manufacturing concern, whose books are closed on 31st Dec., purchased machinery for ? 50,000 on 1st Jan,
2003. Additional machinery was acquired for 10,000 on 1st July, 2004 and for 16,000 on 1st Jan., 2007
Certain machinery purchased for? 10,000 on 1st Jan., 2003 was sold for 5,000 on 30th June, 2006. Show the
machinery account for five years writing off depreciation at 10% per annum on written down value.​

Answer 1

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