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