Alpine Traders purchased a machine on April 1, 2015 at a cost of 8,000 and spent
2,000 on its installation. The firm writes off depreciation @ 10% p.a. by written down
value method. The scrap value of the plant at the end of its economic life of 4 years is
expected to be 6,561
Show the machine account for 4 years in the books of Alpine Traders. The books are
closed on 31 March every year.( with working note)
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