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In illustration 2 of the institute's textbook, I found the value of plant and machinery bought, I can't find the reason for my mistake . Can u please check and tell me,where did I go wrong? (In the picture)

1ced0b56-c13d-4ac9-8b3b-7ed2a44eaeb1.jpg

Swathi Krishna

Swathi Krishna

CA Final

8K+

28-Sep-20 02:06

384

Answers (6)

Its correct. Plant & Machinery - 50,000. + 10,000 (addition) Depreciation - 15,000 + 5000 Net - 40,000 What is your doubt?


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

28-Sep-20 06:44

But additions in the tb is given as 20000?


Thread Starter

Swathi Krishna

Swathi Krishna

CA Final

8K+

02-Oct-20 01:18

which tb?


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

02-Oct-20 11:48

Institute's textbook


Thread Starter

Swathi Krishna

Swathi Krishna

CA Final

8K+

02-Oct-20 23:42

Thread Starter

Swathi Krishna

Institute's textbook

That is depreciation computation. Looks like incorrect title given in WN. This problem is covered in class as well.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

03-Oct-20 10:29

K , thanks sir


Thread Starter

Swathi Krishna

Swathi Krishna

CA Final

8K+

04-Oct-20 18:57

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