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Aaron bought plant for Rs. 5,00,000 on1st April 2016. Further addition were made on 1st June 2017 and on 1st May 18 for Rs. 4,00,000
Aaron bought plant for Rs. 5,00,000 on1st April 2016. Further addition were made on 1st June 2017 and on 1st May 18 for Rs. 4,00,000 and Rs. 3,00,000 respectively. On 1st January, 2020, 1st machine was sold for Rs. 2,85,000 and new machine was purchased for Rs. 6,00,000. Prepare Machine A/c for three years ending 31st March, 2020 if depreciation is to be charged @ 10% p.a. on straight line basis.
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