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    Depreciation 3 4 5 Sums

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    Bhuvan Anbu
    1. Ma Shanmugavel purchased a used machine for Rs. 115,000 and recorded it in the machinery account. Over 6 years, depreciation of Rs. 35,000 was charged each year and the machine was eventually sold for Rs. 18,500, resulting in a loss of Rs. 1,262.5. 2. Purchased 3 new machines for Rs. 250,000 total which were depreciated over time. Additional purchases and sales were made. Eventually the machines were sold for Rs. 30,000 with a profit of Rs. 4,000 recorded. 3. The ending balance in the machinery account was Rs. 184,216.

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    Depreciation 3 4 5 Sums

    Uploaded by

    Bhuvan Anbu
    3 views3 pages
    1. Ma Shanmugavel purchased a used machine for Rs. 115,000 and recorded it in the machinery account. Over 6 years, depreciation of Rs. 35,000 was charged each year and the machine was eventually sold for Rs. 18,500, resulting in a loss of Rs. 1,262.5. 2. Purchased 3 new machines for Rs. 250,000 total which were depreciated over time. Additional purchases and sales were made. Eventually the machines were sold for Rs. 30,000 with a profit of Rs. 4,000 recorded. 3. The ending balance in the machinery account was Rs. 184,216.

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    Depreciation 3 4 5 sums

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    1. Ma Shanmugavel purchased a used machine for Rs. 115,000 and recorded it in the machinery account. Over 6 years, depreciation of Rs. 35,000 was charged each year and the machine was eventually sold for Rs. 18,500, resulting in a loss of Rs. 1,262.5. 2. Purchased 3 new machines for Rs. 250,000 total which were depreciated over time. Additional purchases and sales were made. Eventually the machines were sold for Rs. 30,000 with a profit of Rs. 4,000 recorded. 3. The ending balance in the machinery account was Rs. 184,216.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    3 views3 pages

    Depreciation 3 4 5 Sums

    Uploaded by

    Bhuvan Anbu
    1. Ma Shanmugavel purchased a used machine for Rs. 115,000 and recorded it in the machinery account. Over 6 years, depreciation of Rs. 35,000 was charged each year and the machine was eventually sold for Rs. 18,500, resulting in a loss of Rs. 1,262.5. 2. Purchased 3 new machines for Rs. 250,000 total which were depreciated over time. Additional purchases and sales were made. Eventually the machines were sold for Rs. 30,000 with a profit of Rs. 4,000 recorded. 3. The ending balance in the machinery account was Rs. 184,216.

    Copyright:

    © All Rights Reserved
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    of 3

    Papaeciadion

    stoaight dine Method: Machiney Account


    S6000
    Machinery value Sale value 15ooo
    Date Particalans Amounl Amowt
    Date Pahiculos Amourt Anout
    Lstyea To Bank BSooo
    ByDepreciakion 3509
    35c00 By bol etd 31500
    35o00
    2hd yea To balante bfd 31500
    By Depmeciakion 3500
    31500 By balcd 28000
    31Soo
    37d y e To balnce b/8 28000p
    y Depreciakion 3500

    28 o00
    By bal cld 2H500
    28o00

    Ath yeaa To balance ld 2H500


    Dy Depreciaion 3500
    By bal ejd 2500
    24500 M50o

    5hyeo To balante b[d 215oo


    B Depeciation 35o0

    By bal cf )+500
    21500
    21500

    6 Th yeo
    To balan ce bld 17500 35 0o
    By Depveciation
    tooo
    To PsL Potit en bale) By Pank (Sales) 5o00
    85o0 185o0

    Propit on Sales o Plant Rs too0


    4 Ma Shanmugavel purchabed MLond hand Machine SLM
    Machinery Accourt

    Dodte Paticulans Pnourt AmOunt Date Pa tiuulans Avmpunt Amau


    st Apil 199o To Bank uS00
    By Depaeciation6ok 8b2:5
    By Balod 1o635
    115 oo
    11500
    t April 194 T Balon ce bid lob37S By Depeciafion500 x1o/oo 1150

    ByBal cld 94875


    1ob37S5 lo637 5
    15oO x1o1oo
    t April 1992 To Balanu b/d 437 5 By Depreciation 1150

    By bal cjd 8337 5


    q48+5 Ag 75
    April 1qa3 To Balane bld 3337 5 BDepreciation 5oo100 545

    By Bank (Sales) 6500


    ByDs L(Loss on Sals) 1262:5
    2334-55

    Loss on Sale Machinery ERs 1262 5


    5 Pxchase 3 Machinevies SLM huhei dccoul

    Ampun Amounl
    Date Prticulars Date Paticlans Amouil Aaount
    26000o
    Jan 1996To Bankale By Depsecioticn 250o0-

    25000o
    By Balcld 25
    2s00o
    250000
    225000p
    1Son ta97 To Bal bd By Depreciaton 25 oo0
    June 1aqT To Bank ale 50000
    By Depreciafion 5ooo i
    Bal ed 247083B
    2+5ooo 275o00

    18Jan 198 To Bal bld 24T08 ByDepreciation 25 0o0

    Mocr 1943 To Bank ale 32000 By Depreciation 5 o 0o

    By Depreci aion B200ox10o 266T

    By Bal cld 246Alb6


    24q083 279083
    st Jon 1948
    To Ba bd 246hlb By Depreciafien
    Pot onSales A000 21000 +5o00+ 3200 +2ooo
    To Ps L 31200
    By Bank Salos
    30000
    By bal e/d
    139216
    250416 250 Al6

    Sales Aooo Rs Palance in Machi nexy 184ai6


    Profit on

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