A Company had bought machinery for Rs 2,00,000 including a boiler for Rs 20,000. The Machinery Account had been credited for Depreciation on the Reducing Instalment System for the past four years at the rate `10%.` During the fifth year, i.e., the present year, the boiler became usefless on account of damage to some of its vital parts and the damaged boiler is sold for Rs 4,000. Write up the Machinery Account.

A company purchased machinery for Rs 2,00,000 on 1st April, 2016. The machinery is depreciated " @ "10% p.a. of cost. On 1st October, 2018, the machinery was sold for Rs 1,20,000. Draw the Machinery Account for the years ended 31st March 2017, 2018 and 2019.

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.

Devinder had among other assets, machinery at a gross value of Rs 5,00,000 on which accumulated depreciation amounted to Rs 2,00,000. A machine purchased for Rs 2,00,000 having accumulated depreciation amounted to Rs 80,000 was sold during the year for Rs 1,35,000. You are required to determine the profit or loss on the machine sold sold by preparing the Asset Disposal Account.

(Calculation of Average Profit). On 1st April, 2018, a firm had assets of Rs. 3,00,000 including cash of Rs. 5,000. The Partners' Capital Accounts showed a balance of Rs. 2,00,000 and the Reserve constituted the rest. If the normal rate Of return is 10% and the goodwill of the firm is valued at Rs. 2,00,000 at four years' purchase fo super profit, find the average profit of the firm.

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.

Kapil Ltd. purchased a machinery on July 01, 2011 for Rs. 3,50,000. It purchased two additional machines, on April 01, 2012 costing Rs. 1,50,000 and on October 01,2012 costing Rs. 1,00,000. Depreciation is provided @ 10% p.a. on straight line basis. On January 01, 2013, first machinery become useless due to technical changes. This machinery was sold for Rs. 1,00,000. 1,00,000. prepare machinery account for 4 years on the basis of calendar year.

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.

On 1st April, 2018 an existing firm had assets of Rs. 2,00,000 including cash of Rs. 4,000. Its creditors amounted to Rs. 10,000 on that date. The partner's capital accounts showed a balance of Rs. 1,60,000 while the general reserve amounted to Rs. 30,000. If the normal rate of return is 15% and the goodwill of the firm is valued at Rs. 36,000 at 3 year's purchase of super profit, find the average profits of the firm.