Home
Class 11
ACCOUNTS
Rate of depreciation @ on written down v...

Rate of depreciation @ on written down value basis,

Text Solution

Verified by Experts

Depreciation for 2 year (2015-16) = `Rs.` 1,00,000-`Rs.` 7500=`Rs.` 92,500
`" " Rs. 92500xx(10)/(100)=Rs. 9250`
Promotional Banner

Topper's Solved these Questions

  • DEPRECIATION , PROVISIONS AND RESERVES

    NCERT|Exercise TEST YOUR UNDERSTANDING -III|2 Videos
  • DEPRECIATION , PROVISIONS AND RESERVES

    NCERT|Exercise QUESTIONS FOR PRACTICE (SHORT ANSWERES)|13 Videos
  • DEPRECIATION , PROVISIONS AND RESERVES

    NCERT|Exercise TEST YOUR UNDERSTANDING -I|10 Videos
  • CASH FLOW STATEMENT

    NCERT|Exercise Numerical Questions|12 Videos
  • FINANCIAL STATEMENTS - I

    NCERT|Exercise TEST YOUR UNDERSTANDING-II|4 Videos

Similar Questions

Explore conceptually related problems

Shri Krishan Manufacturing Company purchased 10 machines for Rs. 75,000 each on July 01, 2014. On October 01, 2016, one of the machines got destroyed by fire and an insurance claim of Rs. 45,000 was adimitted by the company. On the same date another machine is purchased by the company for Rs. 1,25,000. The company writes off 15% p.a. depreciation on written down value basis. The company maintains the calendar year as its financial year. Prepare the machinery account from 2014 to 2017.

From the following information of M/s Gold Star, prepare Machinery Account for the three years ending on 31st March, 2019: Method of Depreciation is Written Down Value Method and Rate of Depreciation is 20% p.a.

M/s. Dalmia Textile Mills purchased machinery on April 01,2016 Rs. 2,00,000 on credit from M/s Ahuja and sons and spent Rs 10,000 for its installation. Depreciation is Depreciation, Provisions and Reserves provided "@"10% p.a. on written down value basis. Prepare Machinery Account for the first three years. Books are closed on March 31, every year.