7. On 1-4-2012, a company purchased a machinery worth Rs. 1,00,000. On 1-10-2014, it purchased additional machinery worth Rs. 20,000. The installation charges amounted to Rs. 2,000. Accounting year of the company closes on 31st March. Assuming that the company provides depreciation at 10%, show the Machinery Account for 4 years under (1) Fixed Instalment Method, and (2) Reducing Balance Method.
Share
0 Replies