A ltd. Purchased a machine for rs 500000 on 1st april, 2019. Further addition were made on 1st october 2020 and on 1st july 2021 for rs 400000 and rs 300000 respectively. On 1st january, 2022, 1st machine was sold for rs 285000 and new machine was purchased for rs 600000. Prepare machine account for three years ending 31st march 2022, if depreciation is to be charged @ 10% p.a. on straight line basis.
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A Ltd. purchased a machine for ₹ 5,00,000 on 1st April, 2012. Further addition were made on 1st October 2012 and on 1st July 2013 for ₹ 4,00,000 and ₹ 3,00,000 respectively. On 1st January, 2015, 1st machine was sold for ₹ 2,85,000 and new machine was purchased for ₹ 6,00,000.
Prepare Machine A/c for three years ending 31st March, 2015 if depreciation is to be charged @ 10% p.a. on straight line basis.