Question

Ms prabha has imported a machine for pound 8000 ,paid custom duty 80000 and incurred erection 60000 . Another machinery costing 100000 was purchased . The part of imported machine was sold for(value of one third)134800. Another machinery was purchased to replace the same for 50000 . Depreciation is to be calculated at 20% on cost. Show the machinery account. Exchange rate is 80 per pound

Answer 1

Explanation:

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