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A company purchased a machine on 1st jan 04 for 30000 and immediately spent 4000 expenses on its repairs and 1000 on its installation . On july 1,2006 the machine was sold for 25000 .prepare a machine account after charhing depreciation @10%p.a. by diminishing balance method. Also prepare machinery disposal account.

Posted by Happy Dhaliwal 8 years, 5 months ago

CBSE > Class 11 > Accountancy

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