Category DK Goel Depreciation DK Goel Depreciation 39 Questions Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans A Company purchased a machinery for ₹ 50,000 on 1st Oct., 2016. Another machinery costing ₹ 10,000 was purchased on 1st Dec., 2017. On 31st March, 2019, the machinery purchased in 2016 was sold at a loss of ₹ 5,000 259 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans Urja industries Ltd. purchased on 1st January, 2016, a machinery for ₹ 1,60,000. On 1st April, 2017, it purchased additional machinery costing ₹ 96,000 264 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A firm purchased on 1st April, 2021, a second-hand Machinery for ₹ 3,20,000 and spent ₹ 40,000 on its installation. However, it started functioning on 1st June, 2021 299 viewsAnurag Pathak Changed status to publish December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A Company purchased a second-hand machine on 1st April, 2022, for ₹ 30,000 and immediately spent ₹ 4,000 on its repair and ₹ 1,000 on its installation 266 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans A plant is purchased for ₹ 2,70,000 on 1st April, 2021. Installation charges paid on the plant is ₹ 30,000. It is estimated that the residual value of this plant at the end 218 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans From the following transactions of a concern, prepare Machinery Account for the year ending 31st March, 2023 251 viewsAnurag Pathak Answered question December 15, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st April, 2020, Plant and Machinery was purchased for ₹ 1,20,000. New machinery was purchased on 1st Oct., 2020, for ₹ 50,000 and on 1st July, 2021, for ₹ 25,000 300 viewsAnurag Pathak Changed status to publish December 15, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st October, 2016, Raj & Co. purchased machinery worth ₹ 40,000. On 1st October, 2018, it buys additional machinery worth ₹ 10,000 276 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans Bhushan & Company purchased a Machinery on 1st April, 2019, for ₹ 54,000 and spent ₹ 6,000 on its installation. On 1st December, 2020, it purchased another machine for ₹ 30,000. 278 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans Abhinandan Ltd. bought a machinery on 1st August, 2017, costing ₹ 90,000. It purchased further machinery on 1st December, 2017 costing ₹ 60,000 and on 1st October, 2018 it bought machine costing ₹ 40,000 272 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st January, 2020, A Ltd. Purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on its erection. On 1st July, 2020 an additional machinery costing ₹ 1,00,000 was purchased 281 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans A Ltd. purchased a machine for ₹ 5,00,000 on 1st April, 2022. Further addition were made on 1st October 2022 and on 1st July 2023 for ₹ 4,00,000 and ₹ 3,00,000 respectively. 287 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans Chandra Ltd. purchased a second-hand machine for ₹ 2,68,000 plus CGST and SGST @ 6% each on 1st July, 2021. They spent ₹ 32,000 on its overhaul and installation 264 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation 0 Votes 1 Ans On 1st April, 2021, a limited company purchased a Machine for ₹ 9,80,000 and spent ₹ 20,000 on its installation. At the date of purchase, it was estimated that the scrap value of the machine would be ₹ 40,000 at the end of the eighth year. 247 viewsAnurag Pathak Answered question December 14, 2025DK Goel Depreciation « Previous 1 2 Question and answer is powered by anspress.net
