Accounts
This query is : Resolved
16 May 2013
the opening balance of machine is 2,00,000.,when the original amt of machine was 10,00,00.the company charge 10% depriciation on slm on such assert costing 5,00,000 with accumilated depriciation as the beginning of the year of 80,000 was disposed off during the this year..
q--the balance of the accumulated dep acc at the end of the year considering year's depriciation chrge would be
ans -1,70,000
pls someone explain me how it done..????
q--the balance of the accumulated dep acc at the end of the year considering year's depriciation chrge would be
ans -1,70,000
pls someone explain me how it done..????
17 May 2013
Can you type the actual question given in the book?
There are some typo errors.
Anyways I have attempted solving your question -
Opening Balance in Depreciation A/c = 2,00,000
Less- depreciation on Asset sold = 80,000
Add - Depreciation for current year (10% of 5,00,000) = 50,000/=
Balance in depreciation Account at the year end = 1,70,000/-
There are some typo errors.
Anyways I have attempted solving your question -
Opening Balance in Depreciation A/c = 2,00,000
Less- depreciation on Asset sold = 80,000
Add - Depreciation for current year (10% of 5,00,000) = 50,000/=
Balance in depreciation Account at the year end = 1,70,000/-
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04 July 2013
Yes I agree with the expert
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