Question - 31 

Kapil Ltd. purchased a machinery on 1st October 2011 for Rs. 3,50,000 it purchased two additional machines on 1st July 2012 and 1st January 2013 for Rs. 1,50,000 and Rs. 1,00,000 respectively Depreciation is provided @ 10% p.a on straight line basis on 1st January 2013 teh first machine become useless due to technical change this mahcinery was sold for Rs. 1,00,000 prepare machinery account for 4 years on the basis of calender year.