1.Good Manufacturer ltd acquired a machine on 1st july 2011 at a cost of Rs25000 and spend Rs1000 on its illustration. The firm writes off depreciation at 10% of the original cost every year,show the machinery account for 3yrs.
2. A firm purchased machinery at a cost of rupees 46000 on 1st October 2011 and incurred rupees 4000 as expense on it purchase and installation the rate of depreciation under straight line method 10 % per annum.The firm closed its book on 31st December each year on July 1st 2012 another machine worth rupees 20000 was purchased prepare machinery account for 2011 2012, 2013
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