Question - 11 
Prashant Ltd. purchased a second hand machine for Rs. 40,000 on 1st April, 1998 they spent Rs. 17,500 on its repair and installmention depreciation is written off 10% P.a. on the original cost on 30 June, 2001 the machine was found to be unsuitable and sold for Rs. 32,500 prepare the machinery A/c from 1998 to 2001, assuming that accounts are closed on 31st Dec.