DEPRECIATION QUESTION WITH ANSWER QUESTION NO. 38

OMTEX CLASSES



38.  On 1st April, 2004 Saikripa enterprises purchased two computers of Rs. 40,000 each. On 1st October, 2004 they purchased one more computer for Rs. 40,000. On 1st October, 2006 they sold one computer, which was purchased on 1st April, 2004 for Rs. 18,780. Depreciation on computers was provided @ 10% p.a. on diminishing balance method and the financial year closes on 31st March every year. Prepare computer A/c depreciation A/c for years 2004 – 05, 2005 – 06 and 2006 – 07. (September. 2008) [W.D.V.]

WORKING NOTE : CALCULATION OF DEPRECIATION
Date
Machinery
Machinery 2
Machinery 3
Total depreciation
1.4.04
40000
40000


1.10.04


40000

Depreciation @10%
4000
4000
2000
10000
1.4.05
36000
36000
38000

Depreciation @10%
3600
3600
3800
11000
1.4.06
32400
32400
34200

Depreciation @10%
1620


1620
30.9.06/1.10.06
30780



SOLD
18780




12000
Loss



Depreciation @10%

3240
3420
6660
1.4.07

9160
30780


DATE
PARTICULARS
AMOUNT
DATE
PARTICULARS
AMOUNT
1.4.04
To cash / bank account
40000
31.3.05
By depreciation account
10000
1.4.04
To cash / bank account
40000



1.10.04
To cash / bank account
40000
31.3.05
By balance c/d
110000


120000


120000
1.4.05
To balance b/d
110000
31.3.06
By depreciation account
11000



31.3.06
By balance c/d
99000


110000


110000
1.4.06
To balance b/d
99000
1.10.06
By depreciation account
1620



1.10.06
By cash/bank account
18780



1.10.06
By profit / loss account
12000



31.3.07
By depreciation account
6660



31.3.07
By balance c/d
59940


99000


99000
1.4.07
To balance b/d
59940









No comments:

PDF FILE TO YOUR EMAIL IMMEDIATELY PURCHASE NOTES & PAPER SOLUTION. @ Rs. 50/- each (GST extra)

HINDI ENTIRE PAPER SOLUTION

MARATHI PAPER SOLUTION

SSC MATHS I PAPER SOLUTION

SSC MATHS II PAPER SOLUTION

SSC SCIENCE I PAPER SOLUTION

SSC SCIENCE II PAPER SOLUTION

SSC ENGLISH PAPER SOLUTION

SSC & HSC ENGLISH WRITING SKILL

HSC ACCOUNTS NOTES

HSC OCM NOTES

HSC ECONOMICS NOTES

HSC SECRETARIAL PRACTICE NOTES

Balbharati Solutions for Class 12

Biology 12th Standard HSC Maharashtra State Board

Book - Keeping and Accountancy 12th Stantard HSC Maharashtra State Board

Chemistry 12th Standard HSC Maharashtra State Board

Economics HSC 12th Standard Maharashtra State Board

English Yuvakbharati 12th Standard HSC Maharashtra State Board

Geography 12th Standard HSC Maharashtra State Board

Hindi - Yuvakbharati 12th Standard Maharashtra State Board

History 12th Standard HSC Maharashtra State Board

Marathi - Yuvakbharati 12th Standard Maharashtra State Board

Mathematics and Statistics 1 (Arts and Science) 12th Standard Hsc Maharashtra State Board

Mathematics and Statistics 1 (Commerce) 12th Standard HSC Maharashtra State Board

Mathematics and Statistics 2 (Arts and Science) 12th Standard Hsc Maharashtra State Board

Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board

Organisation of Commerce and Management (OC) 12th Standard HSC Maharashtra State Board

Physics 12th Standard Maharashtra State Board

Political Science 12th Standard HSC Maharashtra State Board

Secretarial Practice 12th Standard HSC Maharashtra State Board

Sociology - Understanding Indian Society 12th Standard HSC Maharashtra State Board

2019 Board Paper Solution

HSC ENGLISH SET A 2019 21st February, 2019

HSC ENGLISH SET B 2019 21st February, 2019

HSC ENGLISH SET C 2019 21st February, 2019

HSC ENGLISH SET D 2019 21st February, 2019

SECRETARIAL PRACTICE (S.P) 2019 25th February, 2019

HSC XII PHYSICS 2019 25th February, 2019

CHEMISTRY XII HSC SOLUTION 27th, February, 2019

OCM PAPER SOLUTION 2019 27th, February, 2019

HSC MATHS PAPER SOLUTION COMMERCE, 2nd March, 2019

HSC MATHS PAPER SOLUTION SCIENCE 2nd, March, 2019

SSC ENGLISH STD 10 5TH MARCH, 2019.

HSC XII ACCOUNTS 2019 6th March, 2019

HSC XII BIOLOGY 2019 6TH March, 2019

HSC XII ECONOMICS 9Th March 2019

SSC Maths I March 2019 Solution 10th Standard11th, March, 2019

SSC MATHS II MARCH 2019 SOLUTION 10TH STD.13th March, 2019

SSC SCIENCE I MARCH 2019 SOLUTION 10TH STD. 15th March, 2019.

SSC SCIENCE II MARCH 2019 SOLUTION 10TH STD. 18th March, 2019.

SSC SOCIAL SCIENCE I MARCH 2019 SOLUTION20th March, 2019

SSC SOCIAL SCIENCE II MARCH 2019 SOLUTION, 22nd March, 2019

XII CBSE - BOARD - MARCH - 2019 ENGLISH - QP + SOLUTIONS, 2nd March, 2019

HSC Maharashtra Board Papers 2020

(Std 12th English Medium)

HSC ECONOMICS MARCH 2020

HSC OCM MARCH 2020

HSC ACCOUNTS MARCH 2020

HSC S.P. MARCH 2020

HSC ENGLISH MARCH 2020

HSC HINDI MARCH 2020

HSC MARATHI MARCH 2020

HSC MATHS MARCH 2020

SSC Maharashtra Board Papers 2020

(Std 10th English Medium)

English MARCH 2020

HindI MARCH 2020

Hindi (Composite) MARCH 2020

Marathi MARCH 2020

Mathematics (Paper 1) MARCH 2020

Mathematics (Paper 2) MARCH 2020

Sanskrit MARCH 2020

Sanskrit (Composite) MARCH 2020

Science (Paper 1) MARCH 2020

Science (Paper 2)


BUY FROM PLAY STORE

DOWNLOAD OUR APP


HOW TO PURCHASE OUR NOTES?



S.P. Important Questions For Board Exam 2021


O.C.M. Important Questions for Board Exam. 2021


Economics Important Questions for Board Exam 2021


Chemistry Important Question Bank for board exam 2021


Physics – Section I- Important Question Bank for Maharashtra Board HSC Examination


Physics – Section II – Science- Important Question Bank for Maharashtra Board HSC 2020 Examination


MUST REMEMBER THINGS on the day of Exam


Are you prepared? for English Grammar in Board Exam.


Paper Presentation In Board Exam


How to Score Good Marks in SSC Board Exams


Tips To Score More Than 90% Marks In 12th Board Exam


How to write English exams?


How to prepare for board exam when less time is left


How to memorise what you learn for board exam


No. 1 Simple Hack, you can try out, in preparing for Board Exam

How to Study for CBSE Class 10 Board Exams Subject Wise Tips?

JEE Main 2020 Registration Process – Exam Pattern & Important Dates

NEET UG 2020 Registration Process Exam Pattern & Important Dates

How can One Prepare for two Competitive Exams at the same time?

8 Proven Tips to Handle Anxiety before Exams!