Question - 10

On 1st january, 1994 M/s Prem Mohan and Co. purchased a machine for Rs. 45,000 it was estimated that the life of the machine would be 5 years amd scarp value Rs. 5,000 Later he purchased in 1st july, 1995 and 1st January, 1996 additional machineries for Rs. 11,200 (scarp value Rs. 1,200) jand Rs. 6,600 (scarp calue Rs. 600) respectively. show teh machinery account charging depreciation under fixed installment system for three years the life of additional machineries are 5 years.