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

On April 01, 2010, Bajrang Marbles purchased a Machine for Rs. 1,80,000 and spent Rs. 10,000 on it s carriage and Rs. on its installation. It is estimated that its working life is 10 years and after 10 years its scrap value will be Rs. 20,000 (a) Prepare Machine account and Depreciation account for the first four years by providing depreciation on straight line method. Accounts are closed on March 31st every year (b) Prepare Machine account, Depreciation account and Provision for depreciation account (or accumulated depreciation account) for the first four years by providing depreciation using straight line method accounts are closed on March 31 every year.

On 1st April, 2016, X Ltd. Purchased a machine costing Rs 4,00,000 and spent Rs 50,000 on its installation. The estimated life of the machinery is 10 years, after which its residual value will be Rs 50,000 only. Find the amount of annual depreciation according to the Fixed Instalment Method and prepare Machinery Account for the first three years. The books are closed on 31st March every year.

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.

Ram Bros. purchased a machine on 1st October, 2016 at a cost of rupee 1,50,000 and spent rupee 10,000 on its installation. The realisable value or scrap vlaue at the end of its estimated useful life of 10 years is estimated at rupee 10,000. The books are colsed on 31st March every year. Show the Machinery Account and Depreciation Account for three years.

A machine is purchased for Rs 625000. Its value depreciates at the rate of 8% per annum.What will be its value after 2 years?

M/s Mehra and Sons acquired a machine for Rs . 1,80,000 on October 01,2016 and spent Rs . 20,000 for its installation. The firm writes -off depreciation at the rate of 10% on original Account and Depreciation Account ofr first three years given that : (i) The book of accounts closes on March 31 every year, and (ii) The firm charges depreciation to aseset account.

Saraswati Ltd. purchased a machinery costing Rs. 10,00,000 on January 01, 2011. A new machinery was purchased on 01 May, 2012 for Rs. 15,00,000 and another on July 01, 2014 for Rs. 12,00,000. A part of the machinery which originally cost Rs. 2,00,000 in 2011 was sold for Rs. on April 30, 2014. Show the machinery account, provision for depreciation account and machinery disposal account from 2011 to 2015 if depreciation is provided at 10% p.a. on original cost and account are closed on December 31, every year.