rohan., Accounting Standards

A firm of manufactures, whose books are closed on 31st December, purchased machinery for Rs.50,000 on 15 January, 2010. Additional Machinery was acquired for Rs.10,000 on 1st July, 2010 and for Rs.16,466 on 14th April, 2012. (20)

Give the Machinery Account for five years writing off depreciation by:
(i) Diminishing balance method @ 10% p.a.
(ii) Straight line method
Posted Date: 1/24/2013 5:31:27 AM | Location : Pakistan

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