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M/s Mehra and Sons acquired a machine fo...

M/s Mehra and Sons acquired a machine for `Rs`. 1,80,000 on October 01,2016 and spent `Rs`. 20,000 for its installation. The firm writes -off depreciation at the rate of `10%` on original Account and Depreciation Account ofr first three years given that :
(i) The book of accounts closes on March 31 every year, and
(ii) The firm charges depreciation to aseset account.

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