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A company acquired a machine on 01/04/08 for $ 5,00,000. The company charged straight- line depreciation based on 10 year working life estimate and residual

A company acquired a machine on 01/04/08 for $ 5,00,000. The company charged straight- line depreciation based on 10 year working life estimate and residual value 750,000 upto 2010-11. From 2011-12, the company decided to change to 20% reducing balance method of depreciation. Show adjustment required in books of the company

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