Rani roopmati purchased a machine for ₹3,80,000 and spent ₹20,000 on its installation on 1st April , 2012.On 1st July, 2013, another machine was purchased for ₹1,00,000. Depreciation was charged @10%p.a.on written down value basis.On 31st December,2014,both the machines were sold for a consolidated price ₹2,20,000.
Prepare machinery account for the years 2012-13 to 2014-15.
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