6. Bhushan & Company purchased a Machinery on 1st April, 2019, for ₹54,000 and spent ₹6,000 on its installation. On 1st December, 2020, it purchased another machine for ₹80,000.
On 30th June 2021, the first machine purchased on 1st April, 2019, is sold for ₹36,000 and on the same date it purchased a new machinery for ₹80,000.
On December 1, 2022, the second machine (purchased on December 1, 2020) was also sold off for ₹26,000.
Depreciation was provided on machinery @ 10% p.a. on Original Cost Method annually on 3Ist March. Give the machinery account for four years.
D.K.Goel/2024 Edition/Practical Questions/Q-06
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
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