A company has in its machinery account on 1 * January.2018 Rs. 4,0,5000, the balance was recovered by reducing the depreciation by 10% per annum. Method 1 On July 1, 2018, the company sold a part of the machinery. For Rs.87.500 (which was purchased on January 1, 2016 for I.20.000) and on the same date. The company purchased a new machinery for Rs.2,50.000. December 3 .2018 to 1 .2018 The directors of the company decided to adopt the prescribed installment method of depreciation in accordance with AS-10 (as amended) instead of the depreciating balance method; The rate of depreciation remains the same.
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