Question - 29 

From the following information prepare machinery account as on 31st Dec. 2007 on the book of Jay- Vijay Ltd. depreciation at the rate of 10% per year under diminishing balance method.
  1. Machine A purchased on 1st April 2005 at Rs. 80,000 
  2. Machine B purchased on 30 Sep. 2006 at Rs. 40,000
  3. Machine A sold on 30 Sep. 2006 at Rs. 68,000
  4. Machine M Purchased on 30 June 2007 at Rs. 20,000.