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

Anurag Pathak
October 24, 2023
Depreciation

1.30K viewsOctober 24, 2023Depreciation

Anurag Pathak28.64K 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 Pathak28.64K Posted October 24, 2023 0 Comments

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

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Anurag Pathak

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