Bhushan & Company purchased a Machinery on 1st April, 2015, for ₹ 54,000 and spent ₹ 6,000 on its installation. On 1st December, 2016, it purchased another machine for ₹ 30,000.On 30th June 2017, the first machine purchased on 1st April, 2015, is sold for ₹ 36,000 and on the same date it purchased a new machinery for ₹ 80,000.On December 1, 2018, the second machine (purchased on December 1, 2016) was also sold off for ₹ 26,000.Depreciation was provided on machinery 10% p.a. on Original Cost Method annually on 31st March. Give the machinery account for four years.

Bhushan & Company purchased a Machinery on 1st April, 2015, for ₹ 54

1.	Bhushan & Company purchased a Machinery on 1st April, 2015, for ₹ 54,000 and spent ₹ 6,000 on its installation. On 1st December, 2016, it purchased another machine for ₹ 30,000.On 30th June 2017, the first machine purchased on 1st April, 2015, is sold for ₹ 36,000 and on the same date it purchased a new machinery for ₹ 80,000.On December 1, 2018, the second machine (purchased on December 1, 2016) was also sold off for ₹ 26,000.Depreciation was provided on machinery 10% p.a. on Original Cost Method annually on 31st March. Give the machinery account for four years.
Answer» Bhushan & Company purchased a Machinery on 1st April, 2015, for ₹ 54,000 and spent ₹ 6,000 on its installation. On 1st December, 2016, it purchased another machine for ₹ 30,000. On 30th June 2017, the first machine purchased on 1st April, 2015, is sold for ₹ 36,000 and on the same date it purchased a new machinery for ₹ 80,000. On December 1, 2018, the second machine (purchased on December 1, 2016) was also sold off for ₹ 26,000. Depreciation was provided on machinery 10% p.a. on Original Cost Method annually on 31st March. Give the machinery account for four years.