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a company purchased a machine on 1st April 2016 for rupees 30000 in English Jaitley spent rupees 400 on its repair and repeat thousand on installation on 1st October 2018 the machine was sold for rupees 25000 repair machine AC after charging deprecation at rupees at 10% p.a. by diminishing balance method and assuming books are closed on 31st March every year

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CBSE > Class 11 > Accountancy

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