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Q.1 (a)(Any Five Question)(Provision for Depreciation Sale Under SLM: Om 1.4.2013:Sallowing balances appeared in the books of M/s Faizdeen & Company:Machinery Alc* 1,50,00010Frovision for Depreciation on Machinery Alc* 35,0001.9.2013, a part of machine purchased for * 60,000 on 1.4.2010 was sold for 3 22,500.Ca the same date a new machine costing * 24,000 was purchased. The depreciationprovided @10% p.a. on original cost of the asset. However, no depreciation wasanged on the asset in the year of sale. Prepare Machinery Account and DepreciationPovision Account for the year ending 31.3.2014.​

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