On 1st April, 2018, Ajay Bros. purchased office furniture for ₹ 55,000. It is estimated to have useful life of 10 years at the end of which it can be sold for ₹ 5,000
On 1st April, 2018, Ajay Bros. purchased office furniture for ₹ 55,000. It is estimated to have useful life of 10 years at the end of which it can be sold for ₹ 5,000. Additions were made on 1st April, 2020 and 1st October, 2022 costing ₹ 9,500 and ₹ 8,400 (Residual values ₹ 500 and ₹ 400 respectively).
Prepare Furniture Account for the first four years ended 31st March, if depreciation is written off according to the Straight Line Method.
Anurag Pathak Changed status to publish
