24,000
Illustration 19 : On 1-4-14 in the books of Vijay & Company, balance of machine account was of
87,480. This machine was purchased 3 years back. Depreciation on machine is charged at 10 %
every year under reducing balance method. Ascertain the cost price of machine and annual amount
of depreciation as on 31-3-15.
Imulation and explanation :
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