Machinery account for five years writtng off depreciation

Reference no: EM13257580

A firm of manufacturers, whose books are closed on 31st December purchased machinery for Rs. 50,000 on 15 January,1980. Additional machinery acquired for Rs.10,000 on 1st July, 1981 andfor Rs.16,466 on 14th April, 1984. Certain machinery, which orignalycost Rs.10,000 in 1980, was sold for Rs.5,000 on 30th June ,1983.

Given the machinery Account for five years writtng off depreciation at 10% on the written down value.

Reference no: EM13257580

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