Ram and co purchased machinery for 21000
Webb6 dec. 2024 · Sutherland Company purchased machinery for $1,120,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $70,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2024 at a gain of $21,000. How much cash did Sutherland receive from the sale of the machinery? a. $161,000. b. $189,000. c. … WebbPRACTICAL PROBLEMS Straight Line Method 1 Ram & Co. purchased machinery for 21,000 on 1st April, 2015. The estimated life of the machinery is 10 years, after which its …
Ram and co purchased machinery for 21000
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Webb1 jan. 2014 · Bogle Company purchased machinery for $320,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $20,000 salvage value and a 5 … Webb1 jan. 2014 · Explanation- Cash received from sale of machinery = Boo …. Sutherland Company purchased machinery for $1,120,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $70,000 salvage value and a 5-year useful life. The machinery was sold on May 1, 2024, at a gain of $20.000.
Webb7 okt. 2024 · On 1st April 2010 plant and machinery was purchased for rs120000 new machinery was purchased on 1st Oct 2010 for rs50000 and on 1st July 2011 for 25000 On 1st Jan 2013 machinery of original value of rs20000 which was included in the machinery a/c for three years after providing depreciation at 10%p.a. on straight line method … Webb16 okt. 2024 · TS Grewal Solutions for Class 11 Accountancy Chapter 13 – Depreciation Question 1. On 1st April, 2012, Shri Ram purchased a machinery costing Rs.40,000 and spent Rs.5,000 on its erection. The estimated effective life of the machinery is 10 years with a scrap valued of Rs.5,000. Calculate the Depreciation on the Straight Line Method …
WebbStudy with Quizlet and memorize flashcards containing terms like Sheffield Corp. purchased a depreciable asset for $360,100. The estimated salvage value is $33,200, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset? a) $326,900 b) $360,100 c) $36,010 d) … Webb12 nov. 2024 · Depreciation Que 2 ram & co. purchased a machinery for Rs. 21000 Depreciation class 11 Ts grewal solutions Zafar Sir . 279 subscribers Subscribe 12 330 …
Webb1 jan. 2015 · Prepare machinery account. The books are closed on 31 st December every year. Solution. Ledger accounts . Illustration 13. A Ltd., purchased a machine on 1st January 2014 for Rs. 60,000. On 1st July 2014, it purchased another machine for Rs. 50,000. On 1st July 2015, the company sold the machine purchased on 1st January … the intermountain elkins wv obituariesWebbOn 1st April, 2015, X Ltd. purchased a machine costing Rs. 4,00,000 and spent Rs. 50,000 on its installation. The estimated life of the machinery is 10 years, after which its … the intermountain newspaper elkins all accessWebb13 aug. 2024 · On 1st April, 2012, Shri Ram purchased a machinery costing Rs.40,000 and spent Rs.5,000 on its erection. The estimated effective life of the machinery is 10 years … the intermountain newspaper burney califWebb6 dec. 2024 · Sutherland Company purchased machinery for $1,120,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $70,000 salvage value … the intermountain web pmtsWebb1 jan. 2024 · Workman Company purchased a machine on January 2, 2012, for $800,000. The machine has an estimated useful life of 5 years and a salvage value of $100,000. Depreciation was computed by the 150% declining-balance method. What is the amount of accumulated de; Lockhard Company purchased machinery on January 1, 2012, for … the intermountain rural electric associationWebb10 juli 2024 · 18. Shri Krishnan Manufacturing Company purchased 10 machines for ₹ 75,000 each on July 01, 2014. On October 01, 2016, one of the machines got destroyed by fire and an insurance claim of ₹ 45,000 was admitted by the company. On the same date another machine is purchased by the company for ₹ 1, 25,000. the intermountain transplant centerWebbBusiness Accounting Robert Parish Corporation purchased a new machine for its assembly process on August 1, 2024. The cost of this machine was $117,900. The company estimated that the machine would have a salvage value of $12,900 at the end of its service life. Its life is estimated at 5 years, and its working hours are estimated at … the intermountain west