Sahil Bros., Kolhapur purchased a Machinery on 1st April, 2018 for ₹ 47000
and spent ₹ 3000 for its installation. On 1
st October, 2018 additional Machinery
costing ₹ 5000 was Purchased. On 1
st July, 2019 the Machinery purchased on 1st
October, 2018 was sold for ₹ 3000 and on the same date new Machinery was
purchased for ₹ 12000.
They decided to provide depreciation @ 10% p.a. under Straight Line Method on
31st March every year. Prepare Machinery Account and Depreciation Account for
3 years only. please give answer depreciation account
