On 1st January, 2011, machinery was purchased by X for ~ 50,000. On 1st July, 2012, additions

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On 1st January, 2011, machinery was purchased by X for ~ 50,000. On 1st July, 2012, additions were made to the extent of ~ 10,000. On 1st April, 2013, further additions were made to the extent of ~ 6,400. On 30th June, 2014, machinery, original value of which was ~ 8,000 on 1st January, 2011, was sold for ~ 6,000. Depreciation is charged @ 10% p.a. on original cost

Show Machinery Account for the years from 2011 to 2014 in the books of X. X closes his books on 31st December

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Dynamic Business Law

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Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs

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Posted Date: Apr 06, 2024 02:57 AM

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On 1st January, 2011, machinery was purchased by X for ~ 50,000. On 1st July, 2012, additions

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