10-22-2009, 02:20 AM
corvette the leading car manufecturing company acquired a machine for Rs 125,000 on Jan 2004,estimate life was 8years,depreciarion charged on strieght line method ,0n JAN 2009.the machine was revalued at Rs 70,000,Aport from recording revalution entry.no other entry have been passed.
1.calculate the value of depreciation expence and pass jurnal entry in accourding with IAS 16.
ii.calculate the value of revalution surplus and pass the jurnal entry accourding with IAS 16
shahid sameer
1.calculate the value of depreciation expence and pass jurnal entry in accourding with IAS 16.
ii.calculate the value of revalution surplus and pass the jurnal entry accourding with IAS 16
shahid sameer