charge depreciation @10%p.a for two months on machine costing 300000.

1.	charge depreciation @10%p.a for two months on machine costing 300000. make journal entry
Answer» Explanation:machine costing = 300000calculate depreciation under straight line methoddepreciation for two months = [ ( 300000 * 10 % ) * 2/12 ] = 5000machinery cost after charging depreciation (300000 - 5000) = 295000calculate depreciation under WDV method\xa0machine costing = 300000depreciation for 1st month = [ ( 300000 * 10 % ) * 1/12 ] = \xa0-2500 = 297500depreciation for 2nd month = [ ( 297500 * 10 % ) * 1/12 ] =\xa0 -2480 = 295020\xa0

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