Question - 26

Gupta construction company bought a machine for Rs. 6,55,000 on 1st October 2006 it bought another machine for Rs. 2,40,000 on 1st March 2007 on 1st July 2008 it sold the machine for Rs. 5,24,000 which was purchsed on 1st october 2006 Depreciation @ 10% p.a. on straight line method is charged every year and is transferred to provision for Depreciation account prepare the machine accout provision for Depreciation account for three years also prepare the Assets disposal account.