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on its installation. The depreciation is written oltat pa on the straight line med
The plant was sold for 2.60.000 on 1st October, 2017 and on the same date a new plant
was installed at the cost of 3.60.000 including purchasing value. The
closed on 31st December every year. Show the Machinery Account and Prov
[Ans. Balance of Machinery Account 3,60,000, Balance of Provision for Depreciation
Account 13,500; Loss on Sale of Machinery 14,750.)
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