Question

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JECUUU Iruck
2,45,437; Balance
Fixed Instalment and Diminishing Balance Method
29. A firm purchased a plant on 1st April, 2012
for 3 96,000 and spent = 4,000 on its installation in factory. Another
plant
worth = 75,000 was purchased on 1st October, 2013. On October 1, 2014 the plant purchased on April 1,
2013 was sold off for 3 70,000 and a new plant for = 80,000 was purchased. Depreciation is provided by the
firm @ 10% p.a. on the written down value every year.
Prepare Plant A/c for 4 years from the years 2012-13 to 2015-16.
Ans. Loss on Sale of Machine 36,950; Balance of Machine A/c 1,26,112.50.]
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Answer 1

Answer:

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