Question - 18

A trading concern as on 1st July, 1995 purchased a machine for Rs. 65,000 and paid Rs. 2,200 on its freight spent Rs. 2,800 on its establishment on 1st January, 1996 another macine was purchased at a cost of Rs. 10,000.
Concern closed to provide depreciation @ 10% per year on diminishing balance method first three years.