Given the machinery account for 5 years writing off

Question

Q: A firm of manufactures, whose books are closed on 31stDecember purchased machinery for 50,000 on 15 January , 1980.Additional machinery was acquired for Rs.10,000 on 1st July,1981and for Rs.16,466 on 14th April ,1984. Certain machinery,which orignally cost Rs.10,000 in 1980, was sold for Rs.5000 on30th June ,1983.

Given the machinery account for 5 years writing off depreciationat 10% on the written down value.

Answer 1

01.01.2012 machine A purchases for 80000 01.01.2012 machine B purchases for 44000 16.04.2014 Machine C purchases for 46000 17.04.2014 Machine A was sold for 21000 please give me the format/table of a machinery account, provision for machine depreciation account, machine disposal account and outline the principle of VAT Machine are depreciated at 15% per year using diminishing balance method depreciation is to be calculated on the basis of the month-for-month