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Q 15. Xyz Limited purchased a
machinery costing *20,000
on 1st July 2015. On 1st
October 2016 they purchased
another new machinery for
10,000 depreciation was
charged @ of 10% per annum
by reducing balance method.
On 1st July 2017 they sold the
first machinery for 12,000.
Prepare machinery account
for three years.
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