xqxmitoavi jumble this word into a real word
xqxmitoavi has purchased a machinery of 2000 rupees. find depreciation amount.
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I don't know I am too small too answer
Answered by
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Answer:
XYZ Ltd purchased a machinery on 1st May, 2011 for Rs 6,00,000 on 1st July, 2012, it
purchased another machine for Rs 2,00,000. On 31st March, 2013, it sold off the first machine
purchased in 2011 for Rs 3,85,000 and on the same date purchased a new machinery for Rs
5,00,000. Depreciation is provided at 20% per annum on the original cost each year. Accounts
are closed each year on 31st December.
Show the machinery account for 3 years.
Help its urgent.
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