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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.

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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. On 1st January, 2025, 1st Machine was sold for ₹ 2,85,000 and new machine was purchased for ₹ 6,00,000.

Prepare Machine A/c for three years ending 31st March, 2025 if depreciation is to be charged @ 10% p.a. on straight line basis.

[Ans. Loss on sale ₹ 77,500; Balance of Machine A/c on 31st March, 2025, ₹ 11,32,500.]

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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.

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