Straight Line Method

Sharma & Co. whose books are closed on 31st March, purchased a machinery for Rs 1,50,000 on 1st April, 2016, Additional machinery was acquired for Rs 50,000 on 1st October, 2016 was sold for Rs 40,000 on 30th September, 2018. Prepare the Machinery Account and Accumulated Depreciation Account for all the years up to the year ended 31st March, 2019. Depreciation is charged "@ "10% p.a. on Straight Line Method. Also, show the Machinery Disposal Account.

Straight Line L2

Straight Line L1

Straight Line L3

M/s Lokesh Fabrics purchased a Textile Machine on April 01, 2011 for Rs. 1,00,000 On July 01, 2012 another machine costing Rs. 2,50,000 Qa urchased . The machine purchased on April 01, 2011 was sold for Rs. 25,000 on October 01, 2015. The company charges depreciation @ 15% p.a. on straight line method. Prepare machinery account and machinery disposal account for the year ended March 31, 2016.

On July 01, 2010, Ashok Ltd. Purchased a Machine for Rs. 1,80,000 and spent Rs. 12,000 on its installation. At the time of purchase it was estimated that the effective commercial life of the machine will be 12 years and after 12 years its salvage value will be Rs. 12,000 Prepare machine account and depreciation Account in the books of Ashok Ltd. For first three years, if depreciation is written off according to straight line method. The account are closed on December 31st, every year

Straight Lines L1

Motion Along Straight Line

Motion In A Straight Line