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(d) On 1.04.2020, the balance of Machinery Account 9,28,000. It was discovered during 2020-2021 that 1,00,000 being the cost of generator purchased on 1st
(d) On 1.04.2020, the balance of Machinery Account 9,28,000. It was discovered during 2020-2021 that 1,00,000 being the cost of generator purchased on 1st Oct, 2018 had been written off to Stores. After rectification and depreciation @ 20% p.a. on reducing balances, Calculate the balance of Machinery A/c as at 31.03.2021. [4 Marks]
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Machinery Account Beginning Balance 928000 Depreciation for 2021 2000000 Machine written off t...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
