October 1 2012 two machines costing 20,000 and 15000 were purchased . on March 31 2016 both the Machines had to be discarded because of damage and had to be replaced by two machines costing to 25000 and 20000 respectively . One of the discarded machine was sold for 10000 and against the other it was expected that 5,000 would be realised. The firm provides depreciation at 15 percentage on written down value method.
Depreciation for the 2014 -15 year =?
Ans is 4128
The total amount of depreciation written off on the two machines still they were discarded is ??
Ans is 15118
Please anyone explain me this problem
Please very urgent
Iam not able to make out the problem
Plz do reply
CAclubindia
