| Particulars | Closing Amount | Opening Amount |
| Machinery (At Cost) | 10,00,000 | 9,50,000 |
| Accumulated Depreciation | 1,50,000 | 1,10,000 |
| Patents | 2,00,000 | 3,00,000 |
Additional Information:
(1.) During the year, machine costing Rs. 90,000 with accumulated depreciation of Rs. 60,000 was sold for Rs. 50,000. (2.) Patents written off were Rs. 50,000 while a part of patents were sold at a profit of Rs. 40,000.
SOLUTION
