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29. Rahul Ltd., purchased a machinery for 3,25,000 on October 1, 2003. A part of the machinery purchased for 32,500 on October 1, 2003 became useless so was sold for27.500 on June, 2005.You are required to prepare Machinery Account for the first four years if companychargesdepreciation @10% pa, on Written down value basis and closes its books of accountson March 31, each year.(Ans. Balance of Machinery Account = 72.25,078.50in Loss on Sale = 719593 ​

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