Name of the Company Talha Limited

Type of Asset Plant

Purchase Cost 500000
Transportation Cost 0
Installation Charges 50000
Repairing Cost 0
Acquistation Cost 550000
Salvage Value 10000
Estimated Life 10
Rate of Depreciation
Date of Purchase April 1st 2022
Method of Depreciation Straight Line Method
Dr. Depreciation A/c Cr.
Date Particulars JF Amount (Rs) Date Particulars JF Amount (Rs)
2021 2021
31/01/21 To Plant A/c 54000 31/01/21 By Profit & Loss A/c 54000
54000 54000
2022 2022
31/03/22 To Plant A/c 54000 31/03/22 By Profit & Loss A/c 54000
54000 54000
2023 2023
31/03/23 To Plant A/c 54000 31/03/23 By Profit & Loss A/c 54000
54000 54000
 Calculation for Depreciation
Sr. No Function used Result
1 SLN 54000
Dr. PLANT Cr.
Date Particulars JF Amount (Rs) Date Particulars JF Amount (Rs)
2021 2021
4/1/2021 To Bank A/c 550000 31/03/21 By Depreciation A/c 54000
31/03/21 By Balance c/d 496000
550000 550000
2022 2022
4/1/2022 To Balance b/d 496000 31/03/22 By Depreciation A/c 54000
By Balance c/d 442000
496000 496000
2023 2023
4/1/2023 To Balance b/d 442000 31/03/23 By Depreciation A/c 54000
31/03/23 By Balance c/d 388000
442000 442000