The following were the extract from Beyond's Balance Sheet as at 1April 20x6: Machinery $12400 Less: Provision for depreciation 3600 The following transactions took place of the year ended 31 March 20x7: 7 Jul 20x6 Bought machinery $2000 by cheque. 30 Sep 20x6 Sold machinery bought on 1 Oct 20x2 (cost $2900) and traded in for a new machinery at a cost $3400 (trade in value $1600).Paid the balance of $1800 by cheque. The company practiced the following policy for providing depreciation on its assets; Machinery 10% p.a. at cost. Full year depreciation in the year of purchase and no depreciation in the year of disposal. Required: disposal account | 
发表于 2007-6-5 20:06
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