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Ashoka ltd. bought a machine on …

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Ashoka ltd. bought a machine on 1st april 2010 for Rs.250000.On 1st july,2011 it purchased a second hand machinery for Rs.100000.On 1st january,2013 it decided to sell the machinery bought on 1st april,2010 at a loss of 20,000.It bought another machine on the same date for Rs.40000.Company decided to charge depreciation @ 15% p.a. on written down value method. prepare machinery accouny for 3 years .books closed each year on 31st march

Posted by Mannat Marwah 4 years, 9 months ago

CBSE > Class 11 > Accountancy

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Ashwini Ellappan 4 years, 1 month ago

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