On 1st April, 2013, Modi Limited purchased a machinery for 25,50,000 including a bone diminishing balance methon During the fifth year, the boiler became useless on account of damages to some of its worth 50,000. Depreciation was charged @10% p.a. on parts. The damaged boiler is sold for 31,000 in the beginning of fifth year. Prepa Machinery Account for the first five years. 1905 945. Loss on Sale of Boil. Roilor
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Machine manufacturing involves the transformation of raw materials from primary industry (such as mining, agriculture, or forestry) into finished goods.
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