Calculate the Amount of annual Depreciation and Rate of Depreciation under Straight Line Method (SLM) from the following:
Purchased a second-hand machine for Rs 96,000, spent Rs 24,000 on its cartage, repairs and installation, estimated useful life or machine 4 years. Estimated residual value Rs 72,000.

A manufacturer purchases a second hand machine for Rs. 60000 and spends some amount towards repairs thane its vaue goes up to Rs. 90000. If depreciation is 10% per annum, what will be the value of the machine after two years ?

Reliance Ltd. Purchased a second hand machine for Rs. 56,000 on October 01, 2011 and spent Rs. 28,000 on its overhaul and installation before putting it to operation. It is expected that the machine can be sold for Rs 6,000 at the end of its useful life of 15 years. Moreover an estimated cost of Rs. 1,000 is expected to be incurred to recover the salvage value of Rs. 6,000 Prepare machine account and Provision for depreciation account for the first three years charging depreciation by fixed installment Method. Accounts are closed on March 31, every year.

On 1st April, 2016, Shivam Enterprise purchased a second-hand machinery for Rs 52,000 and spent Rs 2,000 on cartage, Rs 3,000 on unloading, Rs 2,000 on installation and Rs 1,000 as brokerage of the middle man. It was estimated that the machinery will have a scrap value of Rs 6,000 at the end of its useful life, which is 10 years. On 31st December 2016, repairs and renewals amounted to Rs 2,500 were paid. On 1st October, 2018, this machine was sold for Rs 30,600 and an amount of Rs 600 was paid as commission to an agent. Calculate the amount of annual depreciation and rate of depreciation. Also prepare the Machinery Account for first 3 years, assuming that firm follows financial year for accounting.

The value of a machine depreciates every year by 10%. What will be its value after 2 years if its present value is Rs 50,000?

The value of a machine depreciates every year by 10%. What will be its value after 2 years if its present value is Rs 50,000?

The cost of a sewing machine is Rs 7,000. Its value depreciates at 8% p.a. Then the value of the machine after 2 years is Rs 5,924.80.