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CA Inter doubt

On 1st April, 2020 Tesla Ltd, purchased a machinery for 20,00,000 and incurred * 25,000 towards freight and insurance, ₹10,000 towards carriage inwards and₹ 5,000 for installation. It was estimated th

Asked by Harshal10 Mar 2024403 views

1 answer

  1. Krishna · 10 Mar 2024

    Depreciation will be 4,50,000 per year and we will give note 10000 repair exp will be treated as revenue expenditure

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