Chapter - 10 (Question - 5 Depreciation, Provision and Reserves)

 

Question - 05

M/s Pankaj Arora bought machinery for Rs. 22,280 and spent Rs. 5,720 for its erection the estimated life of the machinery was 9 years and would keep a balance of Rs. 2,800 after the period show the machinery A/c for the first 4 years.