Question

A machinery has purchased on
2012 of RS 2,00,000 & on 1st July 2013 of Rs 1,00,000 company charge 10% depreciation on machinery. Prepare 3years machinery
Account.​

Answer 1

LET ME TELL U GUY'S THAT THIS IS NOT ANSWER EXCEPTED TO THIS QUESTION.....BUT THIS IS RELATED TO IT SO , PLS UNDERSTAND ❤️❤️❤️

Answer:

Balance in 'Provision for depreciation Account" as on 31.03.2015:-

= depreciation on unsold machinery + Depreciation on new machinery

= RS- 3,36,000 + RS-4,000

RS-3,40,000.

Working notes:-

1) Depreciation on existing machinery from 1.4.2012 to 31.03.2015 (3 years):-

= (12,00,000 - 80,000) 11,20,000 x 10/100 x 3 years

= RS-3,36,000

2) Depreciation on new machinery from 1.10.2014 to 31.03.2015 (6months)

= 80,000 x 10/100 x 6/12

= RS-4,000.

LET ME TELL U GUY'S THAT THIS IS NOT ANSWER EXCEPTED TO THIS QUESTION.....BUT THIS IS RELATED TO IT SO , PLS UNDERSTAND ❤️❤️❤️