Student Community

On 1st April, 2020, Sanjay purchased machinery for ₹ 40,000 and spent ₹ 5,000 on its installation

Anurag Pathak
October 24, 2023
Depreciation

1.22K viewsOctober 24, 2023Depreciation

Anurag Pathak28.60K October 24, 2023 0 Comments

On 1st April, 2020, Sanjay purchased machinery for ₹ 40,000 and spent ₹ 5,000 on its installation. Estimated useful Life of the Machinery is 10 years with a scrap value of ₹ 5,000. Calculate depreciation as per Straight Line method and show Machinery Account of first three years. The books are closed on 31st March every year.

Anurag Pathak Changed status to publish October 24, 2023

Add a Comment

1 Answer

Anurag Pathak28.60K Posted October 24, 2023 0 Comments

Solution:-

Anurag Pathak Changed status to publish October 24, 2023

Add a Comment

Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 8132

Telegram Channel

Telegram Channel

On 1st April, 2020, Sanjay purchased machinery for ₹ 40,000 and spent ₹ 5,000 on its installation

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

Related Questions