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Lid purchased a machine worth 8.00.000 as ist January, 2016. On 1st July, 2017purchased a new machine for ? 2.60.000 and spent 40.000 towards its cartage andinstallation. On 1st October, 2018 it purchased another machine for 180.000 and spent?30.000 for its installation. The machine purchased on 1st July 2017 was sold off on 31stMarch 2020 for 1.55.000. Depreciation is charged 15 pon straight line methodPrepare Plant and Machinery Account for 5 years, assuming that books are closed on 31stManch every year(Ans. Balance of Machinery Ac? 4.45,000 Loss on sale of machinery21.250)​

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