Writing off depreciation, Given the machinery account for 5

Writing off depreciation

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Reference no: EM13257485

A firm of manufactures, whose books areclosed on 31st December purchased machinery for 50,000on 15 January, 1980. Additional machinery was acquired for Rs.10,000 on 1st July, 1981 and for Rs.16, 466 on14th April, 1984. Certain machinery, which originallycost Rs.10, 000 in 1980, was sold for Rs.5000 on 30thJune, 1983.

Given the machinery account for 5 years writing off depreciation at 10% on the wrriten down value.

Reference no: EM13257485

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