atedonthe. On April 01, 2010, Bajrang Marbles purchased a Machine for Rs. 2.80.000and spent Rs. 10,000 on its carriage and Rs. 10,000 on its installation. It isestimated that its working life is 10 years and after 10 years its scrap valuewill be Rs. 20,000,(a)Prepare Machine account and Depreciation account for the st fouryears by providing depreciation on straight line method. Acc ints areclosed on March 31st every yeardepreciation account forare closed on March 31 every yearotalcitlypare Machine account, Depreciation account and Provision foraccumulated depreciation account) for the first(b) Prefour years by providing depreciation using straight line method accounts(Ans: laBalance of Machine account on April 1, 2014 Rs. 1.28.0o0bl Balance of Provision for depreciation account as on 1.04.2014Rs.72,000.)

atedonthe. On April 01, 2010, Bajrang Marbles purchased a Machine for

1.	atedonthe. On April 01, 2010, Bajrang Marbles purchased a Machine for Rs. 2.80.000and spent Rs. 10,000 on its carriage and Rs. 10,000 on its installation. It isestimated that its working life is 10 years and after 10 years its scrap valuewill be Rs. 20,000,(a)Prepare Machine account and Depreciation account for the st fouryears by providing depreciation on straight line method. Acc ints areclosed on March 31st every yeardepreciation account forare closed on March 31 every yearotalcitlypare Machine account, Depreciation account and Provision foraccumulated depreciation account) for the first(b) Prefour years by providing depreciation using straight line method accounts(Ans: laBalance of Machine account on April 1, 2014 Rs. 1.28.0o0bl Balance of Provision for depreciation account as on 1.04.2014Rs.72,000.)
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