A ltd depreciates machinery @10% P.a on diminishing balance method had on 1st April 2017 rs 972000% in a machinery account during the year 2017 .2018 the machinery purchased on 1st April 2015 for rs 80000% was sold for rs 45000 on 1st October 2017 and a new machinery at a cost of rs 150000% was purchased and installed on the same date installation charge being rs 8000% the company decided to charge its method of depreciation from dimisinishing balance method to straight line method with effect from 1st April 2017. the rate of depreciation remains the same as before show the machinery account and machinery disposal account 2017. 2018
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diminishing balance method had on 1st April 2017 rs 972000% in a machinery account during the year 2017 .2018 the machinery purchased on 1st April 2015 for rs 80000% was sold for rs 45000 on 1st October 2017 and a new machinery at a cost of rs 150000% was purchased and installed on the same date installation charge being rs 8000% the company decided to charge its method of depreciation from dimisinishing balance method to straight line method with effect from 1st April 2017. the rate of depreciation remains the same as before show the machinery account and machinery disposal account 2017. 2018
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