Question - 25

On 1st January 1998 Mohan Bro. purchased a machine for Rs. 50,000 on 1st April 2000 a part of this machine purchased on 1st jan. 1998 for Rs. 10,000 was sold for Rs. 4,000 Depreciation was provided @ 10% p.a. on original cost method.
Prepare machine account and machine disposal account assuming that recording of depreciation by charging to asset account.