10. On 1" April 2009, Mishn Enterprises, purchased four machine of Rs 15,000 each. On
30 June 2010, one machine out of the four machine purchased on April 1, 2009 was sold
for Rs 6.000 and 31 December, 2011 one more machine was sold for Rs 11,000. A new
machine was purchased on 30 September, 2012 for Rs 36,000. The company has adopted
the practice of providing depreciation at 10%pa on original cost of machines. The
company doses its books on 31" March every year you are required to prepare Machinery
Account of depreciation is accumulated on a seperateaccount.
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Under __________ total charge of depreciation and repair expenses to profit and loss account increases in later years.
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On the basis of the information given below, answer the given question.
A firm, which depreciates its machinery at 10% p.a on WDV method, had on 1st April, 2002, Rs9,72,000 in the debit of machinery account. During the year ended 31st March, 2003, a part of the machinery purchased on 1st April, 2000 for Rs.80,000 was sold for Rs.45,000 on 1st October, 2002 and a new machinery at a cost of Rs.1,50,000 was purchased and installed on the same date, installation charges being Rs.8,000. On 31st March, 2003, the firm decided to change its method of charging depreciation from WDV method to SLM with effect from April, 2000, the rate of depreciation remaining the same as before.
Loss on machine sold on 1.10.2012 in year 2002−2003 will be-