jeeva ltd purchased a machinery on 1st april 2011 for a sum of 40000.it is expected to have a working life of 7 years ,by the end of which it would...

jeeva ltd purchased a machinery on 1st april 2011  for a sum of 40000.it is expected to have a working life of 7 years ,by the end of which it would get a scrap value

of rs.5000 prepare the machinery a/c in the books of jeeva ltd for the first 3 years by providing depreciation under fixed installment method . accounts are closed on 31st march every year.