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Depreciation Pr...

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  • Question 1
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    What will be depreciation for the second year @10 % on Rs.15000 purchase price under the straight line method. 

  • Question 2
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    What will be depreciation for the second year @10 % on Rs.15000 purchase price under the written down value method

  • Question 3
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    David ltd. Purchased a machine at a cost of Rs.900000 on 01.01.2008.It was decided to charge depreciation @ 10 % p.a on written down value method. Calculate the amount of depreciation to be charged in the second year.

  • Question 4
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    Neeraj and Co. purchased machinery for Rs.21000 in 01.01.2011.The estimated life of the machinery is 10 year after its residual value will be Rs.1000 only. Find the amount of annual depreciation according to Fixed Installment Method

  • Question 5
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    A machine which cost Rs. 200000 is depreciated at 25 % per year using the written down value method. At the end second year the value of machine will be:

  • Question 6
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    Rahul Ltd. purchased a Machinery on 1st May, 2009 for Rs.60000. On 1St July, 2010 it purchased another Machine for Rs.20000. On 31st March, 2011 it sold off the first machine purchased in 2009 for Rs.39000. Depreciation is provided at 20% on the original cost each year. Accounts are closed each year on 31st December. Calculate the Machinery account balance on 2011

  • Question 7
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    Rohan Ltd. purchased a Machinery on 1st May, 2009 for Rs.60000. On 1st July, 2010 it purchased another Machine for Rs.20000. On 31st March, 2011 it sold off the first machine purchased in 2009 for Rs.39000. Depreciation is provided at 20% on the original cost each year. Accounts are closed each year on 31st December. Calculate profit on machine

  • Question 8
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    Sakshi Ltd. purchased on 1st January, 2009 a machinery for Rs.36,000 and spent Rs.4,000 on its installation. On 1st July, 2009 another machine purchased for Rs.20,000. On 1st July, 2011, machine bought on 1st January, 2009 was sold for Rs.12,000 and a new machine purchased for Rs.64,000 on the same date. Depreciation is provided on 31st December @ 10% p.a. on the written down value method. Calculate balance of machinery A/c on 2011

  • Question 9
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    Sakshi Ltd. purchased on 1st January, 2009 a machinery for Rs.36000 and spent Rs.4000 on its installation. On 1 st July, 2009 another machine purchased for Rs.20000. On 1 st July, 2011, machine bought on 1 s January, 2009 was sold for Rs.12000 and a new machine purchased for Rs.64000 on the same date. Depreciation is provided on 31st December @ 10% p.a. on the written down value method. Calculate loss on sale of machine

  • Question 10
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    Shyam Ltd. purchased machinery on 1stMay, 2009 for Rs.60000. On 1st July, 2010 it purchased another machine for Rs.20000. On 31st March, 2011, it sold the first machine purchased in 2009 for Rs.38500. Depreciation provided @ 20% p.a. on the original cost every year. Accounts are closed 31st December every year. Calculate balance of machine on 2011

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