X purchased a machinery on 1 jan 2017 for Rs.480000 and spent Rs.20000 as installation charges.on 1st july 2017 another machinery for Rs.200000. On 1st july,2018 machinery purchased on 1 jan 2017 was sold for Rs.290000 and on same date fresh machinery was purchased for Rs.500000. Depreciation as 10% was charged on written down value. Prepare machinery account for 2017 and 2018.
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. On 1st july,2018 machinery purchased on 1 jan 2017 was sold for Rs.290000 and on same date fresh machinery was purchased for Rs.500000. Depreciation as 10% was charged on written down value. Prepare machinery account for 2017 and 2018
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