Mohan & Co. Purchased machinery for ₹ 21,000 on 1st April, 2020. The estimated useful life of machinery is 10 years, after which its realisable value will be ₹ 1,000.
Mohan & Co. Purchased machinery for ₹ 21,000 on 1st April, 2020. The estimated useful life of machinery is 10 years, after which its realisable value will be ₹ 1,000. Determine the amount of annual depreciation according to the Straight Line Method and prepare Machinery A ccount for first three years. The books of account are closed on 31st March every years.
[Balance of Machinery A/c on 1 st April, 2023-₹ 15,000.]
Anurag Pathak Changed status to publish September 27, 2023
