Question
1. Harees ltd, a Private company purchased a machinery on 1st April 2001 for $ 4,75,000 and spend $ 25000 on its installation. The machinery
1. Harees ltd, a Private company purchased a machinery on 1st April 2001 for $ 4,75,000 and spend $ 25000 on its installation. The machinery estimated that its working life 5 years. Depreciation is provided at 10% per annum on original cost method (Straight line method) Accounts are closed on 31st March each year. Show Machinery account for 3years (10 marks)
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Financial Accounting Theory And Analysis Text And Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey
9th Edition
9780470128817
