Question

Addition to Assets
7. Panch Rattan Processors purchased machinery at a cost of 7 4,60,000 on 1st January, 2017
and incurred 40,000 expenses on its purchase and installation. The rate of depreciation
under straight line method is 10% p.a. The firm closes its books on 31st March each year.
On 1st October, 2017, another machine worth * 2,00,000 was purchased.​

Answer 1

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