Dowra Bros. purchased on 1st April, 2015 a second-hand machinery for Rs 36,000
Channel: Doubtnut
Date: 29/03/2020

Dowra Bros. purchased on 1st April, 2015 a second-hand machinery for Rs 36,000 and spent Rs 4,000 on its installation. On 1st October in the same year, another machinery costing Rs 20,000 was purchased. On 1st October, 2017, machinery bought on 1st April , 2015 was sold off for Rs 12,000 and a fresh machine was purchased for Rs 64,000 on the same date. Depreciation is provided annually on 31st March `\"@ \" 10%` p.a. on the Written Down Value Method. Show Machinery Account for 3 years ending 31st March, 2018.