McqMate
Q. |
Machinery purchased on 1 Oct,2016 for 40,000.This machinery was sold on Dec 2017.Calculate the total depreciation charged on machinery till date if co charges 10% as per WDV method if accounts are closed on 31st March every year. |
A. | 6700 |
B. | 8000 |
C. | 5000 |
D. | 4850 |
Answer» D. 4850 |
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Principles of Accounting