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A firm of manufactures, whose books are closed on 31st December purchased Machinery for Rs. 50, 000 on 15 January 1980.Additional Machinery was acquired for Rs. 10,000 on 1st July 1981and for Rs.16,466 on 14th April 1984, Certain machinary whichoriginally cost Rs 10,000 in 1980, was sold for Rs.5,000 on 30thJune 1983. Give the Machinery account for five years writing offdepreciation at 10% on the written down value method?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9988907

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