nida787 nida787

22-02-2024
Business

Answered

On July 01, 2010, Ashok Ltd. purchased a machine for & 1,08,000 and spent & 12,000 on its installation. At the time of purchase, it was estimated that the effective commercial life of the machine will be 12 years and after 12 years its salvage value will be & 12,000. Demonstrate machine account and depreciation Account in the books of Ashok Ltd. For first three years, if depreciation is charged according to straight line method.

Answer :

Other Questions

The following is an extract from the statement of changes in equity of Blue Dot (Pty) Ltd for the year ending 31 December 2022: Ordinary Retained Revaluation sh

A project has annual cash flows of $6,500 for the next 10 years and then $7,500 each year for the following 10 years. The IRR of this 20-year project is 11.42%.

On January 31, 20X1, the general ledger of Benjamin Company showed the following account balances. Accounts Amount Cash 61,900 Accounts receivable 21,400 Suppli

1:49 64% ACCOUNTING ASSIGNMENT-1 YEARS The following Trial Balance was extracted from the books of Mildred Underwood, s trader, at 31 December, 1988. S Laan rep

3.25 You have just purchased a new warehouse. To finance the purchase, you have arranged for a 30-year mortgage loan for 80 percent of Rs 2,900,000 purchase pri

An assembly line with 30 activities is to be balanced. The total amount of time required for all 30 activities is 45 minutes. The line will operate for 360 minu

The controller for Tires and More, Inc. has recorded the following transactions during the month: the purchase of equipment for $8,500 cash; payment of $6,300 f

 The Assignment must include a Cover page, Contents page, and an introduction, address each of the key sections and finish with a clear conclusion.  It should