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Rubnoor & Co. purchased on 1st April, 2019, a second-hand Machinery for & 56,000 and...

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Accounting

Rubnoor & Co. purchased on 1st April, 2019, a second-hand Machinery for & 56,000 and spent $ 4,000 on its installation. On 1St Oct. in the same year another Machinery costing $ 40,000 was purchased.On 1st Oct., 2021, the Machinery bought on 1st April, 2019 was sold off for 722,000 and on the same date a fresh Machine was purchased for $ 50,000. Depreciation is provided annually on 31st March, @ 10% p.a. on the Written-Down Value Method. Show the Machine A/c from 1st April, 2019 to 31st March, 2022.

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