Question 1: On LL2011 machinery was purchased for Rs. 10,000.00 17.2012 additions were made to the
amount of Rs. 40.000. On 31 3 2013, machinery purchased on 1.7.2012, costing Rs. 12,000 was sold for Rs.
11.000 and on 30.06.2013 machinery purchased on 11.2011 conting Rs. 32.000 was sold for Rs. 26,700. On
1 10 2013, additions were made to the amount of Rs 20,000 Depaediation was provided at 10% pa on the
Diminishing Balance Method.
Show the Machinery Necounts for three years trom 2011-2013 Iveat ended 31st December (8 Marks)
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