On 1st October, 2015, Meenal Sharma bought a machine for Rs 25,000 on which he spent Rs 5,000 for carriage and freight, Rs 1,000 for brokerage of the middle-man Rs 4,000 for installation. The machine is depreciated `"@ "10%` p.a. on written down value basis. On 31st March, 2018 the machine was sold to Deepa for Rs 30,500 and Rs 500 was paid as commission to broker through whom the sales was effected. Find out the profit or loss on sale of machine if accounts are closed on 31st March, every year.

X bought a machine for Rs 25,000 on which he spent Rs 5,000 for carriage and freight, Rs 1,000 for brokerage of the middleman, Rs 3,500 for installation and Rs 500 for an iron pad. The machine is depreciated "@ "10% p.a. on Written Down Value basis. After three years, the machine was sold to Y for Rs 30,500 and Rs 500 was paid as commission to the broker through whom the sale was effected. Find out the profit and. loss on sale of machine.

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.

Peter purchased a machine for Rs. 80,000 and spent Rs. 5000 on repair and Rs. 1000 on transport and sold it with 25% profit. At what price did he sell the machine ?

On 1st October, 2015, Ram & Bros. purchased a second-hand machine for Rs 1,80,000 and spent Rs 20,000 on its repair and installation. On 30th September, 2018, the machinery was sold for Rs 1,40,000 and an amount of Rs 4,000 was paid as dismantling charges. The books are closed on 31st March every year and depreciation is charged "@ " 10% p.a. on the written down value. Show Machinery Account from the date purchase of machinery till the date of sale of machinery.

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.

M/s. P & Q purchased machinery for Rs 40,000 on 1st October, 2016. Depreciation is provided " @ "10% p.a. on the Diminishing Balance. On 31st January, 2019, one-fourth of the machinery was found unsuitable and disposed off for Rs 5,600. On the same date new machinery at a cost of Rs 15,000 was purchased. Write up the Machinery Account for the years ended 31st March, 2017, 2018 and 2019. Accounts are closed on 31st March each year.

Dowra Bros. purchased on 1st April, 2015 a second-hand machinery for Rs 36,000 and spent Rs 4,000 on its installation. On 1st October in the same year, another machinery costing Rs 20,000 was purchased. On 1st October, 2017, machinery bought on 1st April , 2015 was sold off for Rs 12,000 and a fresh machine was purchased for Rs 64,000 on the same date. Depreciation is provided annually on 31st March "@ " 10% p.a. on the Written Down Value Method. Show Machinery Account for 3 years ending 31st March, 2018.

On 1st April, 2016, Green Ltd. Purchased machinery for Rs 1,20,000 and on 30th September, 2017, it acquired additional machinery at a cost of Rs 20,000. On 30th June, 2018, one of the original machines which had cost Rs 5,000 was found to have become obsolete and was sold as scrap for Rs 500. It was replaced on that date by a new machine costing Rs 8,000. Depreciation is to be provided "@ "15% p.a. on the Written Down Value. Accounts are closed on 31st March every year. Show Machinery Account for the first three years.

On 1st April, 2015, A Ltd. Purchased a machine for Rs 2,40,000 and spent Rs 10,000 on its erection. On 1st October, 2015, an additional machinery costing Rs 1,00,000 was purchased. On 1st October, 2017, the machine purchased on 1st April, 2015was sold for Rs 1,43,000 and on the same date, a new machine was purchased at a cost of Rs 2,00,000. Show the Machinery Account for the first four financial years after charging Depreciation at 5% p.a. by the Straight Line Method.

Semeer & Bros. purchased a machinery for Rs 80,000 on 1st July, 2015 and decided to depreciate it "@ "10% annually on the Diminishing Balance Method. On 1st October, 2017, a part of the machinery valued in the books of firm at Rs 16,000 on 1st July, 2015 was sold for Rs 10,000. Show Machinery Account in the books of the firm for the years ended 31st March, 2016, 2017 and 2018.