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.

2.09K viewsSeptember 27, 2023Depreciation TS Grewal Class 11

Anurag Pathak24.20K September 27, 2023 0 Comments

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.]

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Anurag Pathak24.20K Posted September 27, 2023 0 Comments

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