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A limited company purchased machinery worth 5000000 in march 2016. installation expense are 500000 life of machine is 5 year depreciation rate is 20% assume

A limited company purchased machinery worth 5000000 in march 2016. installation expense are 500000 life of machine is 5 year depreciation rate is 20% assume accounting period start from april 1 to march 31. on november 30 2018 A limited sale this machine for 3000000 pass journal entries by using reducing balance method and prepare machinery account

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