Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Bhushan & Company purchased a Machinery on 1st April, 2015, for Rs. 54,000 and spent Rs. 6.000 on its installation On 1st December, 2016, &
Bhushan & Company purchased a Machinery on 1st April, 2015, for Rs. 54,000 and spent Rs. 6.000 on its installation On 1st December, 2016, & purchased another machine for Rs 30,000 On 30th June 2017, the first machine purchased on 1st April, 2015, is solid for Rs. 36,000 and on the same date it purchased a new machinery for Rs. 80,000 On December 1, 2018, the second machine (purchanied on December 1, 2016, was also sold off for Rs 26,000 Depreciation was provided on machinery@ 10% pa on Original Cost Method annually on 31st March. Give the machinery account for four years
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started