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Prepare machinery account for the first four year

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Reference no: EM132599536

Question 1: A firm purchase machinery for Rs 210,000 on first July 1991 and spent 24,000 as wages charges. Prepare Machinery account for the first four year under diminishing Balance Method ,Assuming that accounting year end as 31st December every year, Rate for depreciation 10% per Annum

Reference no: EM132599536

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