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On 1st April 2020 M/s.Atul Bros., …

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On 1st April 2020 M/s.Atul Bros., Drycleaners purchased 5 Washing machines for Rs. 20,000 each. They sold on 1st April 2021 one machine for Rs. 17,500. They charged depreciation @ 10% the Written Down Value Method. Prepare the Washing Machine Disposal Account; Provision for Depreciation Account and Washing Machine Account for two years. Accounts are closed on 31st March every year.
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