4. Machinery was purchased by XYZ Industries for Rs. 350000 on 1st July, 2011. The machinery is depreciated @ 15% p.a. on Straight Line Method. The machinery was sold on 1st October, 2013 for Rs. 170000. You are required to prepare Machinery Account, if the books are closed on 31 st December every year.
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4. Machinery was purchased by XYZ Industries for Rs. 350000 on 1st July, 2011. The machinery is depreciated @ 15% p.a.
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