On 1st April 2009 Mahindra & …
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On 1st April 2009 Mahindra & Company Sangli purchased two Computers for Rs 37,000. The fixation charges were amounted to Rs 3,000. They decided to provide depreciation on Computers (@ 15% p.a. under Fixed Instalment Method. On 1st October 2011 one Computer having original cost of Rs 20,000 was sold for Rs 15,000 and on the same date new Computer was purchased for Rs 30.000. Depreciation was provided annually on 31st March Show Computer Account for 2009-10, 2010-11, 2011-12
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