 Illustration No.

7
 Working Note
 Calculation Of Depreciation And Profit or loss on sale of Machinery ( SLM)

Particular’s Machine 1 Machine 2 Total Depreciation

1st April 2011 100000 -
31st March 2012 (-) Depn (15000) 15000

Balance 1st April 2012 85000 250000

31st March 2013 (15000) (28125) 43125
Balance 1st April 2013 70000 221875
31st March 2014 (15000) (37500) 52500
Balance 1st April 2014 55000 184375
31st March 2015 (15000) (37500) 52500

Balance 1st April 2015 40000 146875

31st March 2016 (7500) (37500) 45000
Balance ( Book Value) 32500 109375
Less:- Selling price (25000)
Loss On Sale Of Machinery 7500

250000*15/100*9/12=

In the books Of M/s. Lokesh Fabric

Machinery A/c
Dr Cr

Date Particular’s J Amt Date Particular’s J Amt

/ /
f f
11-12 To Bank A/c - 100000 11-12 By Depreciation A/c - 15000
1st Apr11 31stM 12
““ By Balance C/d 85000
100000 100000
12-13 12-13
1st Apr12 To Balance B/d - 85000 31stM 13 By Depreciation A/c - 43125
1st jul 12 To Bank A/c 250000
31stM 13 By Balance C/d 291875
335000 335000

13-14 13-14
1st Apr13 To Balance B/d - 291875 31stM 14 By Depreciation A/c - 52500
31stM 14 By Balance C/d - 239375
291875 291875
14-15 14-15
1st Apr13 To Balance B/d - 239375 31stM 14 By Depreciation A/c - 52500
31stM 14 By Balance C/d - 186875
 239375 239375

2015-16 2015-16
1st Apr15 To Balance B/d - 186875 1st oct15 By Bank A/c - 25000
1st oct15 By P & L A/c (Loss) - 7500
31st M16 -
By Depreciation A/c 45000
31st M16 By Balance C/d 109375
186875 186875
16-17
1st Apr16 To Balance B/d - 109375

Illustration No.9

 Calculation Of Depreciation and Profit or Loss On Sale Of Computer (SLM)

Particular’s Comp 1 Comp 2 Comp 3 Comp 4 Total

Depreciation
1st April 10 50000 250000 30000 -
31st March 11 (Depn) (12000) (18750) (750) 31500
Balance 1St April 2011 38000 231250 29250
31st March 12 (Depn) (12000) (25000) (3000) 40000
Balance 1st April 12 26000 206250 26250
31st March 13 (Depn) (12000) (25000) (3000) 40000
Balance 1st April 13 14000 181250 23250
31st March 14 ( Depn) (12000) (25000) (3000) 40000

Balance 1st April 14 2000 156250 20250 80000

31st March 15 (Depn) (2000) - (3000) (5333) 10333
Balance Nil 156250 17250 74667
Less:- Selling Price (20000)
Loss on Sale of 136250
Computer

80000*10/100*8/12=