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8,00,0003,20,000On 1st April, 2018, they decided to sell a machine for 2,00,000 which was purchased1st April, 2015 for 3,00,000. Prepare Machinery Account and Provision forDepreciation Account for the year ended 31st March, 2019 assuming that the firm hasbeen charging depreciation 10% p.a. on the Straight Line Method.Solution |
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