On 1st January, 1981, a company purchased a machinery for Rs. 10,000 and spent Rs. 2,000 on
Question:
On 1st January, 1981, a company purchased a machinery for Rs. 10,000 and spent Rs. 2,000 on its erection. On 1st July, 1983, it purchased a second Machine for Rs. 4,000.
The Machine purchased on 1st July, 1983 was sold on 1st January, 1985 for Rs. 4,600. The depreciation is provided at the rate of 10% per annum on diminishing balance method by the company. Prepare the Machinery Account upto 31st December, 1985.
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Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
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