You are required to show the machinery account for three


On Jan 1, 2006, machineries were purchased by SUN Limited for Rs 4,00,000. On July 1, 2007, additions were made to the extent of Rs 80,000. On Apr 1, 2008, further additions were made to the extent of Rs 51,200. On June 30, 2009, one machinery, original value of which was Rs 64,000 on Jan 1, 2006, was sold for Rs 48,000. Depreciation is charged @ 10% p.a. on original cost. You are required to show the Machinery Account for three years from 2006 to 2009 in the books of SUN Limited, which closes its books on Dec 31st.

Solution Preview :

Prepared by a verified Expert
Financial Accounting: You are required to show the machinery account for three
Reference No:- TGS0784546

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)