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On 1st jult 2002, ashok hd …

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On 1st jult 2002, ashok hd purchased a machine for rs 1,08,000 and spent rs 12000 on its installation at the time of purchase it was estimated that the effective commercial life of the machine will be 12 years and after 12 years its salvage value will be rs 12,000 prepare machine account and depriciation account in the book of ashok ltd for first three years if depriciation is written of according to straight line method the account are closed December 31st every year.
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