A company purchased a machinery for Rs. 5,00,000 on 1st Kartik 2074. On 30th Poush of the same year, another second hand machinery was purchased for Rs. 1,50,000 and immediately spent Rs. 25,000 on its repair. On 1st Kartik 2075, another machinery costing Rs. 50,000 was purchased. On 1st Kartik 2076, one fourth of the machinery purchased on 1st Kartik 2074 was found unsuitable and disposed off at Rs. 70,000. The company depreciation at 20% p.a. under fixed installment method. The fiscal year of the company ends at Chaitra 31 every year.
