Max Traders Co. purchased a motorcycle on 1st Jan,2012 of Rs. 45,000. Depreciation was charged @10% p.a
Fantastic news! We've Found the answer you've been seeking!
Question:
Max Traders Co. purchased a motorcycle on 1st Jan,2012 of Rs. 45,000. Depreciation was charged @10% p.a on original cost method (Fixed
Installment method / Straight line method) . Calculate depreciation and prepare Motorcycle account for 3 years, if the Books are closed on 31st
December of every year.
Harris& Co. purchased a machinery on 1st July,2012 of Rs. 1,00,000. Depreciation was charged @10% p.a on Fixed Installment method (Original cost method / Straight line method). Calculate depreciation and prepare Machinery account for 4 years, if the Books are closed on 31st December of every year.
Related Book For
Posted Date: