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A company purchased a machinery for 50000 on 1st October 2016 . Another machinery costing 10000 was purchase on 1st December, 2017. On 31st March, 2019, the machinery was purchase in 2016 was sold at loss of 5000. The company charges depreciation at the rate of 15% p.a. on diminishing balance method. Accounts are closed on 31st March every year( prepare machinery account for 3 years)? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A company purchased a machinery for 50000 on 1st October 2016 . Another machinery costing 10000 was purchase on 1st December, 2017. On 31st March, 2019, the machinery was purchase in 2016 was sold at loss of 5000. The company charges depreciation at the rate of 15% p.a. on diminishing balance method. Accounts are closed on 31st March every year( prepare machinery account for 3 years)? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company purchased a machinery for 50000 on 1st October 2016 . Another machinery costing 10000 was purchase on 1st December, 2017. On 31st March, 2019, the machinery was purchase in 2016 was sold at loss of 5000. The company charges depreciation at the rate of 15% p.a. on diminishing balance method. Accounts are closed on 31st March every year( prepare machinery account for 3 years)?.

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