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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)

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


Swathi Krishna

Swathi Krishna

CA Inter

7K+

28-Sep-20 02:06

23

Answers (6)

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


Suraj Lakhotia

Suraj Lakhotia

Admin

28-Sep-20 06:44

But additions in the tb is given as 20000?


Swathi Krishna

Swathi Krishna

CA Inter

7K+

02-Oct-20 01:18

which tb?


Suraj Lakhotia

Suraj Lakhotia

Admin

02-Oct-20 11:48

Institute's textbook


Swathi Krishna

Swathi Krishna

CA Inter

7K+

02-Oct-20 23:42

Institute's textbook

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


Suraj Lakhotia

Suraj Lakhotia

Admin

03-Oct-20 10:29

K , thanks sir


Swathi Krishna

Swathi Krishna

CA Inter

7K+

04-Oct-20 18:57

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