Class 11 || Machinery Account for three years || Under Original Cost Method || Depreciation Rate 20%

Class 11 || Machinery Account for three years || Under Original Cost Method || Depreciation Rate 20%

Straight line Method: https://youtu.be/IypPcgYzErk

Diminishing balance method: https://youtu.be/u_C4Wx01yZg

In this video, we have solved the following question from class 11:

1. Nepal cotton mills purchased a machinery on 1st May, 2018 for Rs. 90,000. On 1st July, 2019 it purchased another machine for Rs. 40,000. On 31st March, 2020 it sold off the first machine (purchased in 2018) for Rs. 58,000 and on the same date purchased new machinery for Rs. 1,00,000. Depreciation is provided at 20% p.a. on the original cost method. Accounts were closed each year on 31st December. Show the machinery account for the first three years

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Видео Class 11 || Machinery Account for three years || Under Original Cost Method || Depreciation Rate 20% канала AG TV