Semeer & Bros. purchased a machinery for Rs 80,000 on 1st July, 2015 and decid
Channel: Doubtnut
Date: 29/03/2020

Semeer & Bros. purchased a machinery for Rs 80,000 on 1st July, 2015 and decided to depreciate it `\"@ \"10%` annually on the Diminishing Balance Method. On 1st October, 2017, a part of the machinery valued in the books of firm at Rs 16,000 on 1st July, 2015 was sold for Rs 10,000. Show Machinery Account in the books of the firm for the years ended 31st March, 2016, 2017 and 2018.