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Taya2010 [7]
3 years ago
7

Ans: Loss on sale Rs. 700; Balance bld on 2017 Rs. 45,000 Mahindra Company which depreciates its machinery at the rate of 10% un

der reducing balance method had a debit balance of machinery account Rs. 85,500 on January 1, 2018. The machinery was purchased on 1st July 2016. On 1st October 2018, a part of the machinery costing Rs. 20,000 was sold for Rs. 13,500 and on the same date, new machinery was purchased and installed at a cost of Rs. 50,000. Accounts were closed on 31st December of each year. Required: Machinery account from January 2018 to December, 2019. Ans: Original cost Rs. 100,000; Loss on sale Rs. 2,317.50; Balance on January 2020 Rs. 89,351.10​
Business
1 answer:
kiruha [24]3 years ago
6 0

Answer:

can you come and check my question and if you can guide me

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