Bharat Stores purchased on 1st July, 2020 machinery costing ₹ 30,000. It further purchased machinery on 1st January, 2021 costing ₹ 20,000 and on 1st October, 2021 costing ₹ 10,000

Bharat Stores purchased on 1st July, 2020 machinery costing ₹ 30,000. It further purchased machinery on 1st January, 2021 costing ₹ 20,000 and on 1st October, 2021 costing ₹ 10,000. On 1st April, 2022, on third of the machinery installed on 1st July, 2020 became obsolete and was sold for ₹ 3,000. The company follows financial year as accounting year.

Show how the Machinery Account would appear in the books of company if depreciation is charged @ 10% p.a. on Written Down Value Method.

[Balance of Machinery A/c – ₹ 39,330 (Mach. I: ₹ 14,985; Mach II: ₹ 15,795; Mach. III. ₹ 8,550); Loss on Sale of Machine (Mach. I) (1/3): ₹ 5,325.]