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EKTA & CO

Date
01.04.2007

01.04.2008

01.04.2009
01.10.2009

01.04.2010
21.01.2011

01.04.2011

DEPRECIATION @ 10 % STRAIGHT LINE METHOD


PLANT ACCOUNT
Dr.
Particulars
Amt Rs
Date
To Cash (purchase of plant: 40000 )
42000 31.03.2008
(add :instal charge : 2000 )
Total
: 42000
42000
To bal b/d
37800
31.03.2009
31.03.2009
37800
To bal b/d
33600
To Cash (purchase of new plant)
25000 03.01.2010
03.01.2010
31.03.2010
31.03.2010
58600
To bal b/d
22500
To cash
35000 31.03.2011
( purchase 2nd hand plant : 30000
( add : misc charge
: 5000
Total
: 35000
31.03.2011
57500
To Bal b/d
51500
31.03.2012

Particulars
By Depreciation
By bal c/d

By Depreciation
By bal c/d

By Cash plant I
By P/L a/c Loss plant I
By Depreciation plant II
By bal c/d

By Depreciation
(2500+3500)
By bal c/d

By Depreciation
( 2500 + 3500 )
31.03.2012 By bal c/d

01.04.2012

To bal b/d

51500
45500

Cr
Amt Rs
4200
37800
42000
4200
33600
37800
1000
32600
2500
22500
58600

6000
51500
57500
6000
45500
51500

Date
01.04.2007

01.04.2008

01.04.2009
01.10.2009

01.04.2010
21.01.2011

01.04.2011

DEPRECIATION @ 15 % DIMINISHING VALUE METHOD


PLANT ACCOUNT
Dr.
Particulars
Amt Rs Date
To Cash (purchase of plant: 40000 )
42000 31.03.2008
(add :instal charge : 2000 )
Total
: 42000
42000
To bal b/d
35700
31.03.2009
31.03.2009
35700
To bal b/d
30345
To Cash (purchase of new plant)
25000 03.01.2010
03.01.2010
31.03.2010
31.03.2010
55345
To bal b/d
21250
To cash
35000 31.03.2011
( purchase 2nd hand plant : 30000
( add : misc charge
: 5000
Total
: 35000
31.03.2011
56250
To Bal b/d
47812
31.03.2012

Particulars
By Depreciation
By bal c/d

By Depreciation
By bal c/d

By Cash plant I
By P/L a/c Loss plant I
By Depreciation plant II
By bal c/d

By Depreciation
(3188+5250)
By bal c/d

By Depreciation
( 2710 + 4462 )
31.03.2012 By bal c/d

01.04.2012 To bal b/d

47812
40640

Annexure 1
Value
Less :dep@15%
Value
Less : dep@15%

Plant-1
42000 01.04.2007
6300
35700 31.03.2008
5355

Value
loss
Value

30345 31.03.2009
30345
Nil
31.03.2010

value

Plant-2
25000 01.10.2009

dep@15%
Value

3750
21250 31.03.2010

dep@15%
Value
dep@15%
Value

3188
18062 31.03.2011
2710
15352 31.03.2012

Value
dep@15%
value
dep@15%
Value

Plant-3
35000 21.01.2011
5250
29750 31.03.2011
4462
25288 31.03.2012

Plant-1
Plant-2
Plant-3
Total value
as on 31.03.12

Nil
15352
25288
40640

Value of PLANT as on 01.04.2012 after making depreciation@ 10% (straight line method).----------

Value of PLANT as on 01.04.2012 after making depreciation@ 15% (diminishing value method).---------difference
Adjustment entry on 01.04.2012
01.04.2012 To bal b/d

01.04.2012 To bal b/d

45500 01.04.2012 By shortfall depreciation


By bal c/d
45500
40640

Cr
Amt Rs
6300
35700
42000
5355
30345
35700
1000
29345
3750
21250
55345

8438
47812
56250
7172
40640
47812

45500

40640
4860

4860
40640
45500

PART-B-

01.04.10
01.04.10
01.10.10
01.07.11

Note:*

66667
133333
200000
100000
50000

No-1
Depreciation @ 10 % Cost Price Method

31.12.10
dep 10%
value
5000
10000
200000
15000
100000
2500

31.12.11
dep 10%
61667
123333
185000
97500

6667
13333
20000
10000
2500

value
55000
110000
165000
87500
47500

300000
17500
282500
32500
300000
At the beginning of 2012 the retained value of machine 1 is 2/3 rd of 165000
DEPRECIATION @ 10 % STRAIGHT LINE METHOD(Cost Price Method)
MACHINE ACCOUNT
Dr.
Date
Particulars Amt Rs
Date
Particulars

31.12.12
dep 10%
0
13333
10000
5000

28333

Cr
Amt Rs

01.04.2010 To cash (purchase Mach


200000
)
01.10.2010 To cash (purchase Mach
100000
)
31.12.2010
31.12.2010

By Depreciation 17500
By bal c/d
282500
300000

31.12.2011
31.12.2011

By Depreciation 32500
By bal c/d
300000
332500
By Cash
20000
By Loss P/L a/c
35000
By Depreciation 28333
By bal c/d
216667
300000

300000
01.01.2011 To bal b/d
282500
01.07.2011 To cash (purchase Mach
50000
)

01.01.2012 To bal b/d

01.01.2013 To bal b/d

332500
300000 01.01.2012
01.01.2012
31.12.2012
31.12.2012
300000
216667

15% Diminishing Value Method


31.12.10
dep 15%

value

31.12.11
dep 15%

value

31.12.12
dep 15%

01.04.10
01.04.10
01.10.10
01.07.11

66667
133333
200000
100000
50000

59167
118333
177500
96250

8875
17750
26625
14438
3750

50292
100583
150875
81812
46250

0
15087

200000
100000

7500
15000
22500
3750

300000

26250

273750

44813

278937

34297

12272
6938

DEPRECIATION @ 15 % Diminishing Value Method


MACHINE ACCOUNT
Dr.
Cr
Particulars
Amt Rs
Date
Particulars Amt Rs

Date

01.04.2010 To cash (purchase Mach )200000


01.10.2010 To cash (purchase Mach )100000
31.12.2010
31.12.2010

By Depreciation26250
By bal c/d
273750
300000

31.12.2011
31.12.2011

By Depreciation
44812.5
By bal c/d 278937.5
323750
By Cash
20000
By Loss P/L a/c 30292
By Depreciation
34296.88
By bal c/d
194349
278937.5

300000
01.01.2011 To bal b/d
273750
01.07.2011 To cash (purchase Mach ) 50000

01.01.2012 To bal b/d

01.01.2013 To bal b/d

323750
278937.5 01.01.2012
01.01.2012
31.12.2012
31.12.2012
278937.5
194348.95

Adjustment entry on 01.04.2012


01.04.2012 To bal b/d

01.04.2012 To bal b/d

216667 01.04.2012
216667
22318.05

By shortfall depreciation
22318.05
By bal c/d
194348.95
216667

value
0
96667
0
77500
42500

216667

value

0
85496
69540
39312

194348

PART B

NO-2
10% Diminishing Value Method
31.12.10
dep 10%

01.04.10
01.04.10
01.10.10
01.07.11

Date

66667
133333
200000
100000
50000

value

200000
100000

5000
10000
15000
2500

61667
123333
185000
97500

300000

17500

282500

DEPRECIATION @ 10 % DBM
MACHINE ACCOUNT
Dr.
Particulars
Amt Rs Date

Particulars

31.12.11
31.12.12
dep 10% value
dep 10%
6167
55500
0
12333
111000
11100
18500
166500
9750
87750
8775
2500
47500
4750

30750

Cr
Amt Rs

01.04.2010To cash (purchase Mach


200000
)
01.10.2010To cash (purchase Mach
100000
)
31.12.2010
31.12.2010

By Depreciation
By bal c/d

17500
282500
300000

31.12.2011
31.12.2011

By Depreciation
By bal c/d

30750
301750
332500
20000
35500
24625
221625
301750

300000
01.01.2011To bal b/d
282500
01.07.2011To cash (purchase Mach
50000
)

01.01.2012To bal b/d

01.01.2013To bal b/d

01.01.2013To bal b/d

332500
301750 01.01.2012
01.01.2012
31.12.2012
31.12.2012
301750
221625
01.01.2013
01.01.2013
221625
183333

By Cash
By Loss P/L a/c
By Depreciation
By bal c/d

By Adj. Deprcn
By bal c/d

Depreciation @ 15 % Cost Price Method

38292
183333
221625

301750

24625

31.12.10
dep 15%
01.04.10
01.04.10
01.10.10
01.07.11

Date

66667
133333
200000
100000
50000

value

200000
100000

7500
15000
22500
3750

59167
118333
177500
96250

300000

26250

273750

31.12.11
31.12.12
dep 15% value
dep 15%
10000
49167
0
20000
98333
20000
30000
147500
15000
81250
15000
3750
46250
7500

48750

DEPRECIATION @ 15 % STRAIGHT LINE METHOD(Cost Price Method)


MACHINE ACCOUNT
Dr.
Cr
Particulars
Amt Rs Date
Particulars
Amt Rs

01.04.2010To cash (purchase Mach


200000
)
01.10.2010To cash (purchase Mach
100000
)
31.12.2010
31.12.2010

By Depreciation
By bal c/d

26250
273750
300000

31.12.2011
31.12.2011

By Depreciation
By bal c/d

48750
275000
323750
20000
29167
42500
183333
275000

300000
01.01.2011To bal b/d
273750
01.07.2011To cash (purchase Mach
50000
)

01.01.2012To bal b/d

01.01.2013To bal b/d

323750
275000 01.01.2012
01.01.2012
31.12.2012
31.12.2012
275000
183333

By Cash
By Loss P/L a/c
By Depreciation
By bal c/d

275000

42500

value
0
99900
78975
42750

221625

value
0
78333
0
66250
38750

183333

PART-B

NO-3

Depreciation @ 10 % Cost Price Method upto 2011


Depreciation @ 15 % WDV Method wef 2012
31.12.10
31.12.11
dep 10% value
dep 10%
CPM
CPM
01.04.2010
01.10.2010
01.07.2011

200000
100000
50000

Date

value

200000
100000

15000
2500

185000
97500

20000
10000
2500

165000
87500
47500

16500
13125
7125

300000

17500

282500

32500

300000

36750

Note: Full year depreciation considered


Depreciation @ 15 % WDV Method wef 2012
DEPRECIATION @ 10 % STRAIGHT LINE METHOD(Cost Price Method)
MACHINE ACCOUNT
Dr.
Cr
Particulars
Amt Rs Date
Particulars Amt Rs

01.04.2010 To cash (purchase Mach200000


)
01.10.2010 To cash (purchase Mach100000
)
31.12.2010
31.12.2010

By Depreciation 17500
By bal c/d
282500
300000

31.12.2011
31.12.2011

By Depreciation 32500
By bal c/d
300000
332500
By Cash
20000
By Loss P/L a/c 35000
By Depreciation 36750
By bal c/d
208250
300000

300000
01.01.2011 To bal b/d
282500
01.07.2011 To cash (purchase Mach )50000

01.01.2012 To bal b/d

01.01.2013 To bal b/d

31.12.12
dep 15%
WDV

332500
300000 01.01.2012
01.01.2012
31.12.2012
31.12.2012
300000
208250

value

93500
74375
40375
208250

PART B NO. 4

01.04.10
01.04.10
01.10.10
01.07.11

66667
133333
200000
100000
50000

Depreciation 10% Diminishing Value Method upto 2011


Depreciation 20% Cost Price Method wef 2012
31.12.10
31.12.11
31.12.12
dep 10%
value
dep 10% value
dep 20%
DVM
DVM
CPM
5000
61667
6167
55500
0
10000
123333
12333
111000
26667
200000
15000
185000
18500
166500
100000
2500
97500
9750
87750
20000
2500
47500
10000

300000

Date

17500

282500

Depreciation 10% Diminishing Value Method upto 2011


Depreciation 20% Cost Price Method wef 2012
MACHINE ACCOUNT
Dr.
Particulars Amt Rs Date
Particulars

01.04.2010 To cash (purchase


200000
Mach )
01.10.2010 To cash (purchase
100000
Mach )
31.12.2010
31.12.2010
300000
01.01.2011 To bal b/d
282500
01.07.2011 To cash (purchase50000
Mach )
31.12.2011
31.12.2011
332500
01.01.2012 To bal b/d
301750 01.01.2012
01.01.2012
31.12.2012
31.12.2012
301750
01.01.2013 To bal b/d
189583

30750

Cr
Amt Rs

By Depreciation
By bal c/d

17500
282500
300000

By Depreciation
By bal c/d

30750
301750
332500
20000
35500
56667
189583
301750

By Cash
By Loss P/L a/c
By Depreciation
By bal c/d

301750

56667

value
0
84333
67750
37500

189583