Question

A firm purchased on 1st April 2010 a second hand
machinery for Rs.36,000 and Rs.4,000 on its installation.
On 1 October in the same year, another machinery
costing 20,000 was purchased. On 1st October 2012
machinery bought on 1st April, 2010 was sold for 2,000
and a new machine purchased for 64,000 on the same
date. Depreciation is provided annually on 31st March
@10% p.a. on the Written Down Value Method. Show
the Machinery Account 2010-11 to 2012-13. ​

Answer 1

Answer:

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