Question: I want the solution in the same way and with the same names. QI - A company purchases a machine on 1 July 2006 at

I want the solution in the same way and with the same names.

Unit 15: - Accounting and various methods of calculation of depreciation Straight Line Depreciation Mothod The simplest and m

Reducing Balance Method of Depreciation ( ightarrow ) we Slial ( M ) W This is an accelerated method of depreciation in

Exercise Question: - A company purchases a machine on 1 t July 2006 at a cost of SR. ( 1,40,000 ) and spent ( mathrm{SR}

QI - A company purchases a machine on 1 July 2006 at a cost of SR. 165,000 and spent SR. 15,000 on its installation. The company writes off Depreciation at 10% per annum by the Straight Line Method, the books are closed 31 December every year. Show the Machinery Account and Depreciation Account for three years. Solution: Dated Dated Particulars Particulars Machinery Account Amounts Dated Depreciation Account Amounts Dated Particulars Particulars Amounts Amounts

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