On 1st June, 2017, Kedarnath Ltd. purchased a machinery for ₹ 27,00,000. Depreciation is provided @ 10% p.a. on diminishing balance method and the books are closed on 31st March each year
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On 1st September 2021, Gopal Ltd. purchased a plant for ₹ 10,20,000. On 1st July 2022 another plant was purchased for ₹ 6,00,000
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On 1st July, 2017, X Ltd. purchased a machinery for ₹ 15,00,00. Depreciation is provided @ 20% p.a. on the original cost of the machinery and books are closed on 31st March each year
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Books of Mumbai Chemicals Ltd. showed the following balances on 1st April, 2019: Machinery A/c ₹ 10,00,000 ₹ Provision for Depreciation A/c ₹ 4,05,000
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The following balances appear in the books of Y Ltd.: Machinery A/c as on 1-4-2022 ₹ 8,00,000 Provision for Depreciation A/c as on 1-4-2022 ₹ 3,10,000
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Following balances appeared in the books of Saurabh on 1st April, 2017: Plant and Machinery ₹ 10,00,000 Provision for Depreciation ₹ 3,50,000
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The following balances appear in the books of Crystal Ltd. on Jan. 1, 2023: Machinery Account 15,00,000, Provision for depreciation account 5,00,000
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Binny Textiles Ltd. which depreciates its machinery at 20% p.a. on diminishing balance method, purchased a machine for ₹ 6,00,000 on 1st October, 2020
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On 1st April 2020, Banglore Silk Ltd. purchased a machinery for ₹ 20,00,000. It provides depreciation at 10% p.a. on the Written Down Value Method and closes its books on 31st March ever year
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On 1st August, 2020, Hindustan Toys Ltd. purchased a plant for ₹ 12,00,000. The firm writes off depreciation at 10% p.a. on the diminishing balance and the books are closed on 31st March each year
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