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1 Ashoka Ltd. bought a machine on 1st April, 2020 for 2,40,000 and spent R4,000 on its carriage and ? 6.000 towards installation cost. On
1 Ashoka Ltd. bought a machine on 1st April, 2020 for 2,40,000 and spent R4,000 on its carriage and ? 6.000 towards installation cost. On 1st July, 2021 it purchased a second hand machinery for 275,000 and spent 225,000 on its overhauling. On 1st January, 2023 it decided to sell the machinery bought on 1st April, 2020 at a loss of 20,000. It bought another machine on the same date for 240,000. Company decided to charge depreciation @ 10% p.a. on straight line method. Prepare machinery account for 3 years. Books are closed each year on 31 st March. 5 marks 11 2017 costing790.000 It purchased further
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