Pls answer the last question gems
The Millennium School
industries a machinery on I •t July 2014 for tSO.OOO. On I •t
August 2015 il bought another rnac:hine for 230
On June 2016 iL sold the machine in I • July. 2014
_OOO and "Baid I -OOO as commission to broker Who rnaterialized the deal.
It bought a new rnachine cm the sanr date for t27.OOCJ It was decided to
provide depreciatjcm on machinery p_a. on straight line methcd_
Accounts are on 31 March each year _ Show Machinery for 3 years _
2 A caæpany bought a rnachinery I •r August 2014 costing It
bought further machinery on 2014 costing
October 2015_ it machine t20
On April 2016 one thlrd Lhe machinery ty»ught August 2014
was sold far t9000 as it Obsolete.
Shows how the machinery a/c would appear in the b:.oks for 3 years if the
bcnks are closed 31 March each year and depreciation is charged 1
p.a- fixed instalment rnet_hcd.
Ashoka Ltd bought a machine April 2014 for ?2.40.000 and sSrnt
A' t-4_000 on camage and t6.OOO towards installation cost- On July. 2015
it purchased a second hand machinery for ?75.000 and ?25.000 on its
overhau.hng. On January 2016 it decided to sell the machinery brought on
Apr-i] 2014 at a loss of 00.000. It byught another machine on the same
dav far •'40.000.
Company decide' to charge depreciation @ p.a- on reducing balance
method- prepare machinery a/c for 3 assuming that accounts are
