M/s. Dalmia Textile Mills purchased machinery on April 01,2016 `Rs.` 2,00,000 on credit from M/s Ahuja and sons and spent `Rs` 10,000 for its installation. Depreciation is
Depreciation, Provisions and Reserves
provided `"@"10%` p.a. on written down value basis. Prepare Machinery Account for the first three years. Books 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.

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 October, 2011, X Ltd. Purchased a machinery for Rs 2,50,000. A part of machinery which was purchased for Rs 20,000 on 1st October, 2011 became obsolete and was disposed off on 1st January, 2014 (having a book value Rs 17,000 on 1st April, 2013) for Rs 2,000. Depreciation is charged "@ "10% annually on written down value. Prepare Machinery Disposal Account and also show you workings. The books being closed on 31st March of every 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.

A machine was purchased on 1st April, 2016 for Rs 2,50,000. On 1st October, 2016, another machine was purchased for Rs 1,50,000. Estimated scrap value was Rs 10,000 and Rs 5,000 respectively. Depreciation is to be provided "@ " 10% p.a. on the machines under the Reducing Balance System. (i) Show Machinery Account for the years ended 31st March, 2017 and 2018. (ii) Show how Machinery Account will appear in the Balance Sheet as at 31st March, 2018.

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 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.

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.

Azad Ltd. purchased furniture on October 01, 2014 for Rs. 4,50,000. On March 01, 2015 it purchased another furniture for Rs. 3,00,000,. On March sold off the first furniture purchased in 2014 for Rs. 2,25,000. Depreciation is provided at 15% p.a. on written down value method each year. Accounts are closed each year on March 31. Prepare furniture account, and accumulated depreciation account for the years ended on March 31, 2015, March 31, 2016 and March 31, 2017. Also give the above two accounts if furniture disposal account is opened.