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Aleem traders purchased a machinery for Rs. 585000 on 1st October, 2010. On 1st July 2012,company purchased another machine for Rs.20000 and on 1st July

Aleem traders purchased a machinery for Rs. 585000 on 1st October, 2010. On 1st July 2012,company purchased another machine for Rs.20000 and on 1st July 2013 company sold off the first machine purchased in 2010 for Rs.89000. Prepare the machinery account till the year 2014 under original cost method of depreciation. Depreciation is charged at 22% per year.

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