A machine purchased on 1-12-2016 at cost of 50,000 and Rs.4,000 was sp

1.	A machine purchased on 1-12-2016 at cost of 50,000 and Rs.4,000 was spend on installation.The depreciation is written off at 15% on the original cost of every year. the books are closed on 31.12. each year. the machine was soled Rs.25,000 on 31.3.2019. so machinery account for all the years.(compulsory)
Answer» Answer: TOTAL cost of MACHINERY is 54,000 you should charge DEPRECIATION at 15% by straight line METHOD and you would easily get the answer..

A machine purchased on 1-12-2016 at cost of 50,000 and Rs.4,000 was spend on installation.The depreciation is written off at 15% on the original cost of every year. the books are closed on 31.12. each year. the machine was soled Rs.25,000 on 31.3.2019. so machinery account for all the years.(compulsory)

Answer»

Answer:

TOTAL cost of MACHINERY is 54,000 you should charge DEPRECIATION at 15% by straight line METHOD and you would easily get the answer..

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