A company purchased a machinery for Rs.50,000 on 1stJuly 2008. Anothermachinery costing Rs.10,000 was purchased on 1st September 2009. On 31stDecember 2010 the machinery purchased in 2008 was sold at a loss of Rs.5,000.The company charges depreciation at the rate of 15% diminishing balance method.Accounts are closed on 31st December every year.
https://proficientwriters.net/wp-content/uploads/2020/04/logo-300x60.png 0 0 Paul https://proficientwriters.net/wp-content/uploads/2020/04/logo-300x60.png Paul2020-09-27 07:10:082020-09-27 07:10:08A company purchased a machinery for Rs.50,000 on 1stJuly 2008. Anothermachinery costing Rs.10,000... 1 answer below »