On 1st January 2017, Suzuki Company purchased machinery for Rs 10.000 lt spent Rs 2000 on its erection. On 1st July, 2017 the company purchased another machinery for Rs 4000.On 1st january, 2019 the machinery purchased on 1st January 2017 was sold for Rs 4600. The
company writes off depreciation at 10% p. a. on the reducing balance method. Prepare machinery account for three years ending 31st December, 2019 and accounts were closed on
31 December of each year.
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On 1st January 2017, Suzuki Company purchased machinery for Rs 10.000 lt spent Rs 2000 on its erecti...
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