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Accountancy: A company, which closes its books on 31 st March every year, purchased on 1 st July 2010,
machinery costing Rs.30,000. It purchased further machinery on 1 st January 2011, costing
Rs.20,000 and on 1 st October 2011, costing Rs.10,000. On 1 st April 2012, one-third of the
machinery installed on 1 st July 2010, became obsolete and was sold for Rs.3,000. Show
how the machinery account would appear in the books of the company, it being given that
machinery was depreciated by Diminishing Balance Method at 10% per annum. What
would be balance of Machinery Account as on 1 st April 2013?

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