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Bilal & Co purchased machinery for 5 lac on 1 Apr 2016

Rate of dep 10 % p.a. straight line method


Machinery was sold for 250000 on 1 oct 19
Prepare Mach a/c

Book Value Plant and Mach on 1st apr 2017 was 2 lac
New mach purchased 1st oct 17 10000 and on 1 oct 18 10000
Machine of 30000 on 1 apr 2017 was sold at 16000 on 1 oct 19
Entire amt to be credited to PLM a/c
10% SLM DEP
Prep PLM A/c

Pooja bought machine worth 90000 on 1st Apr 2017


She had to pay 10000 towards its intallation
write off dep @ 10% original cost every year
disposed off mach for 50000
Mach and dep a/c creation

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