Vishal company dhule purchased machinery costing rs60000 on 1 April. They purchased further machinery on 1st October 2017 , costing rs 30000 and on 1st July 2018 , costing rs 20000. On 1st Jan2019 ,one third of the machinery, which was purchased on 1st April 2016 became obsolete and it was sold for rs18000 .
Depreciation at 10%
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depreciation on 1st machinery= 10%of 60000 for 12 months....= 6000
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working note and depreciation
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