Machinery account for five years

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Reference no: EM13257655

Q: A firm of manufactures, whose books are closed on 31stDecember purchased machinery for 50,000 on 15 January , 1980.Additional machinery was acquired for Rs.10,000 on 1st July,1981and for Rs.16,466 on 14th April ,1984. Certain machinery,which orignally cost Rs.10,000 in 1980, was sold for Rs.5000 on30th June ,1983.

Given the machinery account for 5 years writing off depreciationat 10% on the written down value.

Reference no: EM13257655

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