On July 01, 2011 Ashwani purchased a machine for `Rs.` 2,00,000 on credit Installation expenses `Rs.` 25,000 are paid by cheque. The estimated life is 5 years and its scrap value after 5 years will be `Rs.` 20,000. Depreciation is to be charged on straight line basis. Show the journal entry for the year 2011 and prepare necessary ledger accounts for first three years.

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.

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 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

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 1,60,000 and it is estimated that after its estimated useful life of 4 years its scrap value would be Rs 10,000. It is decided to depreciate the machine by the Diminishing Balance Method. Find out the per cent rate of Depreciation per annum.

Green Ltd. purchased a machinery on 1st August, 2015 for Rs 60,000. On 1st October, 2016, it purchased another machine for Rs 20,000. On 30th June, 2017, it sold the first 'machine for Rs 38,500 and on the same date purchased a new machinery for Rs 50,000. Depreciation is provided "@" 20% p.a. on cost each year. Accounts are closed each year on 31st March. Show the Machinery Account for three years.