The following balances appear in the books of Crystal Ltd, on Jan 01, 2015 `{:(,Rs.),("Machinery account on " , "15,00,000"),("Provision for depreciation account ","5,500"):}`
On April 01, 2015 a machinery which was purchased on January 01, 2012 for `Rs`. 2,00,000 was sold for `Rs`. 75,000. A new machine was purchased on July 01, 2015 for `Rs`. 6,00,000, Depreciation is provided on machinery at `20%` p.a. on Straight line method and books are closed on December 31 every year. Prepare the machinery account and provision for depreciation account for the year ending December 31, 2015.
The following balances appear in the books of Crystal Ltd, on Jan 01, 2015 `{:(,Rs.),("Machinery account on " , "15,00,000"),("Provision for depreciation account ","5,500"):}`
On April 01, 2015 a machinery which was purchased on January 01, 2012 for `Rs`. 2,00,000 was sold for `Rs`. 75,000. A new machine was purchased on July 01, 2015 for `Rs`. 6,00,000, Depreciation is provided on machinery at `20%` p.a. on Straight line method and books are closed on December 31 every year. Prepare the machinery account and provision for depreciation account for the year ending December 31, 2015.
On April 01, 2015 a machinery which was purchased on January 01, 2012 for `Rs`. 2,00,000 was sold for `Rs`. 75,000. A new machine was purchased on July 01, 2015 for `Rs`. 6,00,000, Depreciation is provided on machinery at `20%` p.a. on Straight line method and books are closed on December 31 every year. Prepare the machinery account and provision for depreciation account for the year ending December 31, 2015.
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