| Depreciation A/C | Class:- 11th Accounting | D.K.GOEL | Q.N:- 15 & 16 Diminishing Balance Method | скачать в хорошем качестве

| Depreciation A/C | Class:- 11th Accounting | D.K.GOEL | Q.N:- 15 & 16 Diminishing Balance Method |

| Depreciation A/C | Class:- 11th Accounting | D.K.GOEL | Q.N:- 15 & 16 Diminishing Balance Method | Q. 15. Ashoka Ltd. bought a machine on 1st April, 2010 for ₹2,40,000 and spent 4,000 on its carriage and ₹6,000 towards installation cost. On 1st July, 2011 it purchased a second hand machinery for ₹75,000 and spent ₹25,000 on its overhauling. On 1st January, 2013 it decided to sell the machinery bought on 1st April, 2010 at a loss of 20,000. It bought another machine on the same date for ₹40,000. Company decided to charge depreciation @ 15% p.a. on written down value method. Prepare machinery account for 3 years. Books are closed each year on 31st March. (K.V.S. 2014) [Ans. Sale price of Machine ₹1,40,305; Balance of Machine A/c on 31st March, 2013 1,13,938] Q. 16. The Sameer Transport Company purchased 10 Trucks at ₹90,000 each on 1st April 2011. On 1st October 2013 one of the Trucks was involved in an accident and is completely destroyed. ₹56,200 was received from the Insurance company in full settlement. On the same date another truck was purchased by the company for the sum of ₹1,00,000. The company writes off 20% per annum on the Diminishing Balance Method. The company maintains the calendar year as its financial year. Show the Truck Account for four years ending 31st December, 2014.