Depreciation Pr...

The balance of Glass & Cutlery A/c on 01.01.2014 is Rs. 28,000. Glass & Cutlery purchased during the year were Rs. 16,000. Depreciation is to be charged on the above as follows-
-1/5th of its value is to be written off in the year of purchase, and 

X Ltd. purchased a machine for Rs. 1,20,000 and incurred Rs. 40,000 towards freight, insurance, carriage inwards and installation charges. It was estimated that its life is 4 years during which a sum of Rs. 60,000 is likely to be spent on its repairs maintenance beginning from the 2nd year. At the end of its useful life, the scrap value will be Rs. 20,000. Actual repairs were as under:
Year I - Rs. Nil, Year - II Rs. 10,000, Year - III Rs. 20,000, Year - IV Rs. 30,000
At the end of useful life, the realised scrap value of the machine was Rs. 16,000 only. 
The closing balance of Provision for Depreciation and Repairs Account at the Year II will be:

CAS Ltd. imported a machine on 01.07.2013 for Rs. 1,28,000, paid customs duty and freight Rs. 64,000 and incurred erection charges Rs. 48,000. Another local machinery costing Rs. 80,000 was purchased on 01.01.2014. On 1st July 2015, a portion of the imported machinery (value one-third) got out of order and was sold for Rs. 27,840. Another machinery was purchased to replace the same for Rs. 40,000. Depreciation is to be calculated at 20%p.a.
 The loss on sale of machine and  Closing Balance of Machinery Account on 31.12.2015 will be

On 1 April 2012, X Ltd. purchased a machinery for Rs. 12,00,000. On 1 Oct. 2014, a part of the machinery purchased on 1 April 2012 for Rs. 80,000 was sold for Rs. 45,000 and a new machinery at a cost of Rs. 80,000 was purchased and installed on the same date. The company has adopted the method of providing 10% p.a. depreciation on the written down value basis. The closing balance of 'Provision for Depreciation Accounts' as at 31.03.2015 will be: 

Date of Purchase of Machine 1.4.2012, cost: Rs. 12,00,000, Rate of Depreciation: 10% p.a. on Staright Line Basis. The closing balance of Provision for Depreciation Account as at 31.3.2015 will be: 

In which of the following methods, is the cost of the asset written off in equal proportion during its economic life?

A new machine costing Rs. 2 lakh was purchased by a company to manufacture a special product. Its useful life is estimated to be 5 years and scrap value at Rs. 20,000. The production plan for the next 5 years are as follows:
Year I     5,000   units,
Year II    10,000  units,
Year III    12,000 units,
Year IV   20,000 units,
Year V    25,000 units.
The depreciation for the 4 years under the units-of-production method will be_______.

Date of Purchase of Machine 1.4.2012, Cost: Rs. 12,00,000, Rate of Depreciation: 10% p.a. Straight Line Basis. On 1.10.2014, a new machinery was purchased for Rs. 80,000. The closing balance of Provision for Depreciation Account as at 31.3.2015 will be:

On 1 st January 2011, Tushar Ltd. purchased a machine for Rs. 20,000 and written back depreciation @ 10% p.a. At the end of 2014, the company decided to change the method of Straight Line Method retrospectively, the rate of depreciation remaining the same.
On account of changed method of depreciation-

In which of the following methods, the cost of the asset is not spread over in equal proportion during its useful economic life?