Depreciation word is derived from Latin word which means depretium,de means decline and pretium means price , depreciation means gradual reduction of value of fixed asset
On 1-1-2019 a firm purchased a machinery worth Rs. 50000. On 1-7-2019 it buys additional machinery worth Rs.10000 and spent Rs. 1000 on its exection .The accounts are closed each year on 31 December. Assuming that annual depreciation to be 10%. Show the machinery account for 5 years under straight line method. Sir e problem chapandii
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Depreciation word is derived from Latin word which means depretium,de means decline and pretium means price , depreciation means gradual reduction of value of fixed asset
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On 1-1-2019 a firm purchased a machinery worth Rs. 50000. On 1-7-2019 it buys additional machinery worth Rs.10000 and spent Rs. 1000 on its exection .The accounts are closed each year on 31 December. Assuming that annual depreciation to be 10%. Show the machinery account for 5 years under straight line method.
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