Question

On 1st January 2013. a second hand machine
was purchased for Rs.2,32,000 and Rs.8,000
was spent on its repairs. On 1st July 2015, it
was sold for Rs.1,14,400. Prepare the
machinery account for under written down
value method by assuming the rate of
depreciation as 10% pa. and the accounts are
closed on 31st December every year.

Answer 1

Answer:

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Answer 2

Answer:

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