Class 11th Chapter 7 Depreciation | Along with Calculator Tool

Depreciation Calculator Tool 

Depreciation Calculator along with month and percentage

Depreciation Calculator only by percentage

 1. On 1st April 2015 Farid of Nasik purchased a Motor car for ₹55,000. The scrap value of the motor Car was estimated at ₹10,000 and its estimated life is 10years The Registration charges of the Motor Car is ₹5,000. Show Motor car Account for the first years, assuming that the books of accounts are closed on 31st march every year.


 2. On 1st Jan 2017 'Sai Industries Nagpur, purchased a Machine costing ₹1,65,000 and spent ₹15,000 for its installation charges. the estimated life of the machine is to be 10 years and the scrap value at the end of its life would be ₹30,000. On 1st Oct 2018 the entire Machine was sold for ₹1,50,000. Show Machinery Account, Depreciation Account for the years 2016-2017, 2017-2018 and 2018-2019, assuming that the accounts are closed on 31st March every year. 

3. Shubhangi Trading Company of Dombivli purchased machinery for ₹86,000 on 1st Jan 2016 and immediately spent ₹4,000 on its fixation and erection. On 1st Oct 2016 additional Machinery costing ₹40,000 was purchased. On 1st Oct 2017 the Machinery purchased on 1st Jan 2016 became obsolete and was sold for ₹70,000. On 1st 2017 a new Machinery was also purchased for ₹45,000. Depreciation was provided annually on 31st March at the rate of 12% per annum on fixed instalment method. Prepare Machinery Account for three years and pass Journal Entries for Third year i.e. 2017-2018.   

 Practical Problems on Written Down Value Method

1. M/s Omkar Enterprise Jalgoan acquired a printing machine for ₹75,000 on 1st Oct 2015 and spent ₹5,000 on its transport and installation. Another Machine for ₹45,000 was purchased on 1st Jan 2017. Depreciation is charged at the rate of 20% on written Down Value Method, on 31st march every year. 
Prepare Printing Machine Account for the first four years.

 3. Mahesh traders Solapur purchased furniture on 1st April 2014 for ₹20,000. In the same year on 1st Oct additional furniture was purchased for ₹10,000. On 1st Oct 2015, the Furniture purchased on 1st April 2014 was sold for ₹15,000 and on the same day a new Furniture was purchased for ₹20,000. The firm charged depreciation at 10% p.a. on Reducing Balance Method. Prepare Furniture Account and Depreciation Account for the year ending 31st March 2015, 2016 and 2017.

 4. Radhika-Masale Amravati purchased a Plant on 1st Jan 2015 for ₹80,000. A new Plant was also purchased for ₹60,000, installation expenses being 410,000 on 1st April 2016. On 1st Jan 2017, a new Plant was purchased for ₹20,000, by disposing-off the 1st Plant at ₹60,000. Prepare Plant Account and depreciation Account for 31st March 2015, 31st March 2016 and 31st March 2017, assuming that the rate of depreciation was @10% on Diminishing Balance Method.


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