on 1st jan 2015 sankar purchased a machine for rupees 70000 and spent rupees 30000 on its installation.the residual value at the end of its excepted useful life of 8 years is estimated at rupess 4000 on 30 th october 2017 the machine sold for rupees 750000 . depreciation is to be provide according to straightline method..prepare machinary account .acconts are closed on 30 dec of every year
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