Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need text answer for all questions 593 A machinery is purchased on June 12, 2006 for Rs.60000. Another machinery is purchased on January 22,

image text in transcribed

I need text answer for all questions 593 A machinery is purchased on June 12, 2006 for Rs.60000. Another machinery is purchased on January 22, 2007 for Rs.40000. The depreciation rate is 10% SLM. What is the book value as at Mar 31, 2009 (it is annual closing period). 594 A firm is using SLM for charging depreciation on machinery of Rs. 2 lac at 10%. Form 3rd year, it changes the method of depreciation to written down value. What will be change in the profit and loss position. 595 Firm A purchased certain machinery for Rs. 2 lac on July 01, 2006. The rate of depreciation is 10%. What will be total amount of depreciation at WDV till Dec 31, 2008. The firm closes its books as on 31st December

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions