Chandra Ltd. purchased a second-hand machine for Rs. 80,000 on 1st July, 2020 and spent Rs. 30,000 on its overhaul and installation. Depreciation was to be provided @ 10% p.a. by written down value method. Prepare machinery account for 3 years assuming the books are closed on 31st March every year.

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Machinery Account (WDV Method) Date Particulars Debit (Rs.) Credit (Rs.) $2020$ 1 st July To Bank A/c (Cost + Installation) 1,10,000 31 st March By Depreciation A/c (10% on Rs. 1,10,000)   11,000 31 st March By Balance c/d   99,000 $2021$ 1 st April To Balance b/d 99,000   31 st March By Depreciation A/c (10% on Rs. 99,000)   9,900 31 st March By Balance c/d   89,100 $2022$ 1 st April To Balance b/d 89,100   31 st March By Depreciation A/c (10% on Rs. 89,100)   8,910 31 st March By Balance c/d   80,190

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Machinery Account (WDV Method)

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Date	Particulars	Debit (Rs.)	Credit (Rs.)
\(2020\)
1^st July	To Bank A/c (Cost + Installation)	1,10,000
31^st March	By Depreciation A/c (10% on Rs. 1,10,000)		11,000
31^st March	By Balance c/d		99,000
\(2021\)
1^st April	To Balance b/d	99,000
31^st March	By Depreciation A/c (10% on Rs. 99,000)		9,900
31^st March	By Balance c/d		89,100
\(2022\)
1^st April	To Balance b/d	89,100
31^st March	By Depreciation A/c (10% on Rs. 89,100)		8,910
31^st March	By Balance c/d		80,190