ABC Construction Ltd. Purchased a machinery on 1st October 2006 for Rs. 6,55,000. On March1, 2007,..

ABC Construction Ltd. Purchased a machinery on 1st October 2006 for Rs. 6,55,000. On March1, 2007, it purchased another machinery for Rs. 2,40,000. On July 1,2008 it sold off the firstmachinery purchased in 2006, for Rs. 5,24,000. Depreciation Account is maintained bycharging depreciation @ 10% p.a. on Straight Line Method. Account, Provision fordepreciation Account for the year ended 31st March 2007-2008 and 2008-09. Also prepare Amachinery disposal account

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