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Plant purchased on 1st April, 2010Prepare the Plant Account and Depreciation Account for the yuldepreciation was charged @ 20% p.a. on straight line basis and books are closelMarch every year.14.) Prabhu Deva purchased a machine for 10,00,000 on 1st July, 2015. It further purchased amachine for 4,00,000 on 1st October, 2016. On 1st July, 2017, One-fifth of the machinerypurchased on 1st July, 2015 was sold at 80% of the book value.Prepare the Machinery Account for the years 2015-16 to 2018-19, when depreciation wascharged @ 10% p.a. on fixed instalment method.al Sale of the Assets1st April, 2016 by Gaurav Verma. It waser, 2017 |
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Answer» Answer: Prepare the MACHINERY ACCOUNT for the YEARS 2015-16 to 2018-19, when depreciation was charged @ 10% p.a. on fixed instalment method. al SALE of the Assets 1st April, 2016 by Gaurav VERMA. It was er, 2017 |
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