Question: Berlia Ltd. purchased a second hand machine for 56,000 on October 01, 2018 and spent 24,000 on its repair and installation and

Berlia Ltd. purchased a second hand machine for ₹ 56,000 on October 01, 2018 and spent ₹ 24,000 on its repair and installation and ₹ 5,000 for its carriage. Depreciation is provided on machinery @ 10% p.a on Diminishing Balance Method on March 31 every year. Prepare machinery account and depreciation account from year ended 31st March 2019 and 31st March 2020.

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