Ram and co purchased machinery for 21000
WebbOn January 1, 2024, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 10 years and the estimated residual value is $5,000. The equipment is expected to produce 220,000 units during its life.Required:Calculate depreciation for 2024 and 2024 using each of the following … WebbBusiness 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 …
Ram and co purchased machinery for 21000
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WebbA machine was purchased on 1st April, 2016 for Rs 2,50,000. On 1st October, 2016, another machine was purchased for Rs 1,50,000. Estimated scrap value was Rs 10,000 and Rs 5,000 respectively.... 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 …
Webb1 jan. 2014 · Sutherland Company purchased machinery for $1,120.000 on january 1,2014 Sraight-line depreciation has been recorded based on a $70,000 salvage value and a S yearusetu e The mahney was sold on May 1,20 21,000. How much cash did Sutherland receive from the sale of the machinery at a ain 5161,000 5189.000. 231,000 301.000 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 …
Webb24 okt. 2024 · Ram & Co. purchased machinery for 21,000 on 1st April, 2024. The estimated useful of the machinery is 10 years, after which its realisable value will be … 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.
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Webb9 sep. 2024 · Ram&Co. purchased a machinery for 21,000 on 1st April, 2024. The estimated life of the machinery is 10 years, after which its residual value will be 1,000 … french and indian war treaty of paris 1763Webb29 aug. 2016 · ram co purchased a machinery for rs 21000 on 1st april 2014 the estimated life of the machinery is 10 years after which its residual value will be rs 1000 only find the amount of annual depreciation according to the fixed instalment method - Accountancy - Depreciation Provisions and Reserves french and indian war territoryfrench and indian war why was it importantWebbStudy 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) … fastest chicken in the worldWebbOn January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of $28,000. Complete the necessary journal … french and indian war soldier imageWebbThe machine has a salvage value of $20,000 and a 5-year useful life. Cox expects the machine to run for 15,000 machine hours. The machine was actually used for 4,200 … french and indian war video gamesWebbBhushan & Company purchased a Machinery on 1st April, 2015, for ₹ 54,000 and spent ₹ 6,000 on its installation. On 1st December, 2016, it purchased another machine for ₹ 30,000. On 30th June 2024, the first machine purchased on 1st April, 2015, is sold for ₹ 36,000 and on the same date it purchased a new machinery for ₹ 80,000. fastest chip