B Ltd. purchased machinery for ₹ 1,50,000 on 1st April, 2022. The estimated life is 10 years and the scrap value after 10 years is estimated at ₹ 15,000. Depreciation @10% is charged under diminishing balance method. On
CS CSEET · Fundamentals of Accounting · PYQS · June 2026
B Ltd. purchased machinery for ₹ 1,50,000 on 1st April, 2022. The estimated life is 10 years and the scrap value after 10 years is estimated at ₹ 15,000. Depreciation @10% is charged under diminishing balance method. On 1st April, 2025 it has been decided to follow straight line method and it is anticipated that scrap value will be nil at the end of its useful life. Show Machinery Account from 2022 to 2026.
Topics: Depreciation Accounting
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