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On 1st January 2010, Harish Itd. purchased machinery for Rs. 95,000 and paid Rs. 3,000 for installation. On 1st July 2013, this machine was sold
On 1st January 2010, Harish Itd. purchased machinery for Rs. 95,000 and paid Rs. 3,000 for installation. On 1st July 2013, this machine was sold for Rs. 53,000. Prepare the Machinery Account of the first 3 years according to the written down value method, taking the depreciation rate at 10% p.a. [5 Marks]
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Petroleum Accounting: Principles, Procedures; And Issues
Authors: Dennis Jennings, John Brady, Rich Shappard, Craig Friou
8th Edition
0940966328, 978-0940966321
