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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, 2020December 18, 2025
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 yearDecember 18, 2025
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 yearDecember 18, 2025
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 ₹ 1,60,000December 18, 2025
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, 2022December 18, 2025
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 ₹ 4,00,000December 18, 2025
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 ₹ 5,20,000December 17, 2025
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 costDecember 17, 2025
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 MethodDecember 17, 2025
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.aDecember 17, 2025
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 ₹ 20,000December 16, 2025
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 ₹ 30,000December 16, 2025
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 destroyedDecember 16, 2025
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.December 15, 2025
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 ₹ 20,000December 15, 2025
