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

Anurag Pathak
October 24, 2023
Depreciation

716 viewsOctober 24, 2023Depreciation

Anurag Pathak24.20K 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

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Anurag Pathak24.20K Posted October 24, 2023 0 Comments

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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.

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