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    Enna Georget's Avatar
    Enna Georget Posts: 1, Reputation: 1
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    #1

    Jul 2, 2012, 09:36 AM
    Depreciation
    A machine is bought 1\jan\2005 for 1000 and another 200 another one 14\oct\2006 for 1200.The first machine is sold on 30 June 2007 for 720.The business financial year end in 31 December.The machine is to be depreciated at 10 percent using the straigth line method machine in existence at the end of each year is to be depreciated for a full year... CALCULATE..
    1>machine account
    2>accumulate provision for machine
    3>machine disposal
    4>profit and loss accont
    5>Balance sheet
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Jul 2, 2012, 10:52 PM
    Quote Originally Posted by Enna Georget View Post
    A machine is bought 1\jan\2005 for 1000 and another 200 another one 14\oct\2006 for 1200.The first machine is sold on 30 june 2007 for 720.The bussiness financial year end in 31 december.The machine is to be depreciated at 10 percent using the straigth line method machine in existence at the end of each year is to be depreciated for a full year....CALCULATE..
    1>machine account
    2>accumulate provision for machine
    3>machine disposal
    4>profit and loss accont
    5>Balance sheet
    What part of the concept of depreciation don't you understand?
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