Question

From the following information of Bharat Ltd. Prepare Machinery Account for the three

years ending 31st March 2014.

Methods of Depreciation:

Written Down value method

Rate of Depreciation : 20% p.a.

Date Transactions

01.04.2011 Purchased a Second hand Machinery I for Rs. 1,60,000

01.04.2011 Spent Rs. 40,000 on its repairs to make it serviceable

01.10.2011 Purchased a New Machinery II for Rs. 4,00,000

01.04.2012 Spent Rs. 4000 on repairs of New Machinery II

30.09.2013 Sold a Machinery I for Rs. 90,000

30.09.2013 Purchased a New Machinery III for Rs. 6,00,000​

Answer 1

Answer:

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