On 1st October, 2016, Kam & Bros purchased a second hand machine for + 1,80 m.
and spent
20,000 on its repair and installation
On 30th September, 2017, the machinery was sold for? 1,40,000 and an amount of
+ 1,000 was paid as dismantling charges. The books are closed on 31st March every year
and depreciation is charged @ 10% pa, on the written down value. Show Machinery
Account from the date of purchase of machinery till the date of sale of machinery,
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