Assume that Satluj Cements Limited charges depreciation on the written down value method basis and the rate
Question:
Assume that Satluj Cements Limited charges depreciation on the written down value method basis and the rate of depreciation being 20% per annum.
1. Prepare the depreciation schedule for the above machine over its useful life.
2. Pass the necessary journal entries in the books of Satluj Cements Limited.
3. How will the machine appear in the balance sheet after three years of acquisition?
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Depreciation Schedule for Machine Information CompanySatluj Cements Limited Depreciation methodWritt...View the full answer
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