Lxmi limited purchased a machine for rs400000 on 1st

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Laxmi Limited purchased a machine for Rs.400000 on 1st july,2005.Depreciation is provided @ 10 p.a. on the Diminishing Balance Method on 1st october,2007,one fourth of the machine was found unsuitable and disposed off for Rs.60,000. On the same date a new machine at acist of Rs.1,50,000 was purchased. Prepare machine account from 2005 to 2008. The accounts are closed on 31st december each year

Reference no: EM13590659

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