Answered

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Q.4 A firm of manufactures, whose books are closed on 31st December purchased machinery for Rs.50, 000 on 15 January, 2016. Additional Machinery was acquired for Rs.10, 000 on 1st July, 2017 and for Rs.16, 466 on 14th April, 2019. Certain machinery, which originally cost Rs.10, 000 in 2016, was sold for Rs.5, 000 on 30th June, 2020.

Give the Machinery Account for five years writing off depreciation at 10% by:

(i) Diminishing balance method

(ii) Straight line method​

Sagot :

Answer:

get smart

Explanation:

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