Question

Q. 5 A firm purchased on 1" April, 2014 a second hand machinery for Rs. 3,60,000 and incurred Rs.
40.000 on its installation
On 15 October in the same year, another machinery costing Rs. 2,00,000 was purchased On 1"
October, 2016, machinery bought on 1 April 2014 was sold for Rs. 1. 20.000 and a new machine
purchased for Rs. 6,40,000 on the same date. Depreciation is provided annually on 31" March a
10% p.a. on the Written Down Value Method. Show the Machinery Account for the year ended 31"
March, 2015 to 2017,​

Answer 1

Answer:

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