Transcribed Image Text: (a) Kavita purchased a machine for 780,000 on 1st April 2015. She charges depreciation on Straight Line Method and closes her books on December 31st every year.

Transcribed Image Text: (a) Kavita purchased a machine for 780,000 on
1st April 2015. She charges depreciation on
Straight Line Method and closes her books on
December 31st every year. The machine has a
useful life of 8 years after which it can be sold for
18,000. She purchased another machine on May
1st 2016 for 745,000 with 5 years useful life and
nil residual value. In 2017, the first machine was
sold for 50,000 on June 30th when a new
machine was purchased for 30,000 with 3 years
useful life and 3,000 as residual value. Prepare
the machinery account for the 3 years ending
December 31, 2017.

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