A Machinery was purchased for ₹ 1,80,000 on 1st July, 2015. Depreciation was charged annually 10% on Diminishing Balance Method. 1/4th of this Machinery was sold on 1st October, 2017 for 36,000. Prepare Machinery A/c from the year ended 31st March, 2016 to 2018, if the books are closed on 31st March every year.

A Machinery was purchased for ₹ 1,80,000 on 1st July, 2015. Deprecia

1.	A Machinery was purchased for ₹ 1,80,000 on 1st July, 2015. Depreciation was charged annually 10% on Diminishing Balance Method. 1/4th of this Machinery was sold on 1st October, 2017 for 36,000. Prepare Machinery A/c from the year ended 31st March, 2016 to 2018, if the books are closed on 31st March every year.
Answer» A Machinery was purchased for ₹ 1,80,000 on 1st July, 2015. Depreciation was charged annually 10% on Diminishing Balance Method. 1/4th of this Machinery was sold on 1st October, 2017 for 36,000. Prepare Machinery A/c from the year ended 31st March, 2016 to 2018, if the books are closed on 31st March every year.