1.

In the following Machinery Account. Determine the missing values, if depreciation is to be charged " @ "10% p.a. as per Diminishing Balance Method. On 1st October, 2018, a part of the machinery valued in the books of the firm at Rs 16,000 on 1st July, 2016 was sold for Rs 10,000.

Answer»


ANSWER :[1: RS 6,000; 2: Rs 74,000; 3: Rs 80,000; 4: Rs 80,000; 5: Rs 74,000; 6: Rs 7,400; 7: Rs 66,600; 8: Rs 74, 000; 9: Rs 74,000; 10: Rs 66,600; 11: Rs 10,000; 12: Rs 666; 13: Rs 2,654; 14: Rs 5,328; 15: Rs 47,952.]


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