14. Dinesh & Company purchased a Machine on 1st July 2016 for $1,00,000. Depreciation is provided at 20% under diminishing balance method On 1st October 2016 another Machine was bought for 20,000. Prepare Machine a/c for three years by closing books on 31st March every year (Ans: After three years the Machine A/c Balance is 65,920)
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Ans: After three years the Machine A/c Balance is 65,920
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