what will be the journal entry
1) when we create depreciation sinking fund for purchase of a fixed assets say plant and machinery.
2) and at the time of purchase of fixed assets. is depreciation sinking fund has to reversed and how?
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explain the journal entry
Replies (1)
Hi Sanjay,
You can refer below link to learn about the method of depreciation by creating Sinking Fund...
https://www.accountingformanagement.com/depreciation_fund_method.htm
All the best
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