Q3. The plant and machinery account of Delhi textiles limited show the balance of 380000 on 1 ^ (st) January 2000. Its accounts were made up annually on 31 ^ (st) December and depreciation had been regularly written off at the rate 10% on the written down value method.
On 31 ^ (st) May 2016 re was acquired at the cost of 57783 and on the same date a machine which had cost rupees 12000 on 1 ^ (st) January 1995 was sold for 1500.
Write up the Plant and Machinery account for the year 2000.
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