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On 1at april 2015 xltd purchased …

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On 1at april 2015 xltd purchased a machine costing400000and spent 50000on its installation. The estimated life of the machinery is 10 yrs aftr which its residual value will bs 50000only.find the amount of annual depriciation acc to the fixed installmnt method and prepare machineru acc for frst 3 yrs.the books are closed on 31st march every year

Posted by Shubhi Gera 7 years, 5 months ago

CBSE > Class 11 > Accountancy

3 answers

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

Balance of machinery A/c on 31st march 2018 - ₹ 3,30,000

Amrit Kaur 7 years, 5 months ago

4,50,000-50,000/10=40,000

Shubhi Gera 7 years, 5 months ago

40000

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