Category DK Goel Depreciation DK Goel Depreciation 39 Questions Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans The following balances appear in the books of M/s Amrit: On 1st April, 2022, they decided to dispose off a machinery for ₹ 8,400, which was purchased on 1st April, 2018 for ₹ 16,000 190 viewsAnurag Pathak Changed status to publish December 21, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st Jan. 2017, Panjim Dryfruits Ltd. bought a plant for ₹ 15,00,000. The company writes off depreciation @ 20% p.a. on Written Down Value Method and Closes its books on 31st March every year 210 viewsAnurag Pathak Answered question December 21, 2025DK Goel Depreciation 0 Votes 1 Ans 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 200 viewsAnurag Pathak Answered question December 21, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st September 2021, Gopal Ltd. purchased a plant for ₹ 10,20,000. On 1st July 2022 another plant was purchased for ₹ 6,00,000 210 viewsAnurag Pathak Answered question December 21, 2025DK Goel Depreciation 0 Votes 1 Ans 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 198 viewsAnurag Pathak Answered question December 21, 2025DK Goel Depreciation 0 Votes 1 Ans Books of Mumbai Chemicals Ltd. showed the following balances on 1st April, 2019: Machinery A/c ₹ 10,00,000 ₹ Provision for Depreciation A/c ₹ 4,05,000 199 viewsAnurag Pathak Answered question December 21, 2025DK Goel Depreciation 0 Votes 1 Ans 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 ₹ 3,10,000 200 viewsAnurag Pathak Answered question December 20, 2025DK Goel Depreciation 0 Votes 1 Ans Following balances appeared in the books of Saurabh on 1st April, 2017: Plant and Machinery ₹ 10,00,000 Provision for Depreciation ₹ 3,50,000 209 viewsAnurag Pathak Answered question December 20, 2025DK Goel Depreciation 0 Votes 1 Ans The following balances appear in the books of Crystal Ltd. on Jan. 1, 2023: Machinery Account 15,00,000, Provision for depreciation account 5,00,000 202 viewsAnurag Pathak Answered question December 20, 2025DK Goel Depreciation 0 Votes 1 Ans 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 223 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans 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 245 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans 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 235 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans A Limited purchased a machine on 1st July 2022 for ₹ 3,00,000 and on 1st January 2024 bought another machinery for ₹ 2,00,000. On 1st August 2024 machine bought in 2022 was sold for ₹ 1,60,000 254 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans X Ltd. purchased a plant on 1st July, 2020 costing ₹ 5,00,000. It purchased another plant on 1st September, 2020 costing ₹ 3,00,000. On 31st December, 2022 235 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans A company purchased second-hand machinery on 1st May, 2019 for ₹ 5,85,000 and immediately spent ₹ 15,000 on its erection. On 1st October, 2020, it purchased another machine for ₹ 4,00,000 232 viewsAnurag Pathak Answered question December 18, 2025DK Goel Depreciation 0 Votes 1 Ans X Ltd. which closes its books of account every year on 31st March, purchased on 1st October, 2019 machinery costing ₹ 4,40,000. It purchased further machinery on 1st April, 2020 costing ₹ 5,20,000 232 viewsAnurag Pathak Answered question December 17, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st July 2021, ABC Ltd. purchases 4 machines for ₹ 80,000 each. The accounting year of the company ends on 31st March every year: Depreciation is provided at the rate of 15% p.a on original cost 250 viewsAnurag Pathak Answered question December 17, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st April, 2021, a Company purchased 6 machines for ₹ 50,000 each. Depreciation at the rate of 10% p.a. is charged on Straight Line Method 247 viewsAnurag Pathak Changed status to publish December 17, 2025DK Goel Depreciation 0 Votes 1 Ans On July 1, 2022 Pushpak Ltd. purchased a machinery for ₹ 5,70,000 and paid ₹ 30,000 for its overhaluing and installation. Depreciation is provided @ 20% p.a 255 viewsAnurag Pathak Answered question December 17, 2025DK Goel Depreciation 0 Votes 1 Ans A Company, which closes its books on 31st March every year, purchased on 1st July, 2017, machinery costing ₹ 30,000. It purchased further machinery on 1st January, 2018, costing ₹ 20,000 252 viewsAnurag Pathak Answered question December 16, 2025DK Goel Depreciation 0 Votes 1 Ans Raja Textiles Co. which closes its books on 31st March, purchased a machine on 1-4-2016 for ₹ 50,000. On 1-10-2017, it purchased an additional machine for ₹ 30,000 249 viewsAnurag Pathak Answered question December 16, 2025DK Goel Depreciation 0 Votes 1 Ans The Sameer Transport Company purchased 10 Trucks at ₹ 90,000 each on 1st April 2019. On 1st October 2021 one of the Trucks was involved in an accident and is completely destroyed 303 viewsAnurag Pathak Answered question December 16, 2025DK Goel Depreciation 0 Votes 1 Ans On April 01, 2019 Jain & Sons purchased a second hand plant costing ₹ 2,00,000 and spent ₹ 10,000 on its overhauling. He also spent ₹ 5,000 on transportation and installation of the plant. 230 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A limited company purchased on 01-01-2022 a plant for ₹ 38,000 and spent ₹ 2,000 for carriage and brokerage. On 01-04-2023 it purchased additional plant costing ₹ 20,000 268 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans Ashoka Ltd. bought a machine on 1st April, 2020 for ₹ 2,40,000 and spent ₹ 4,000 on its carriage and ₹ 6,000 towards installation cost 266 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 1 2 Next » Question and answer is powered by anspress.net
