From the following information of Ra & Co Ltd, prepare Machinery Account for three years ending Mar 31, 2009 by charging depreciation @ 20% p.a. applying WDV Method.
|
Date |
Transactions |
Rs |
|
Apr 1, 2006 |
Purchased a second hand machinery I |
1,20,000 |
|
Apr 1, 2006 |
Spent for repairs |
30,000 |
|
Oct 1, 2006 |
Purchased a new machine II |
3,00,000 |
|
Apr 1, 2007 |
Spent for repairs on new machine II |
3,000 |
|
Sep 30, 2008 |
Sold machine I |
67,500 |
|
Sep 30, 2008 |
Purchased a new machine III |
4,50,000 |
Illustration figures are the same as that of the previous illustration but the Method of Deprecation differs here.