A firm makes it account annually to 31st december.it does not keep separate provision for depreciation account.it buys the following machine:
1january 1997 motor car A. cost 10,000
1august 1997 motor car B. cost 12,800
1september 1998 motor car C. cost 12,000
1may 1999 motor car D. cost 16,000
Show the necessary ledger account for the three year ended 31st December 1997,1998,1999. The rate of depreciation is 10percent on reducing balance system