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On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.?
Most Upvoted Answer
On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respect...
Depredations for the year 31/3/2010 is 40000*15÷100*6÷12=3000 so 40000-3000=37000.
depreciation for the year 31/3/2011 is 37000*15÷100=5550 so 37000-5550=31450.
depreciation for the year 31/3/2012 is 31450*15÷100= 4717.5 so 31450-4717.5=26732.5
so answer is 26732.5
depreciation for the year 31/3/2011 is 37000*15÷100=5550 so 37000-5550=31450.
depreciation for the year 31/3/2012 is 31450*15÷100= 4717.5 so 31450-4717.5=26732.5
so answer is 26732.5
Community Answer
On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respect...
Introduction
To calculate the depreciation for the year 2011-12, we will first determine the written down value (WDV) of the machines at the beginning of that year and apply the depreciation rate of 15% on it.
Details of Machines and Depreciation Calculation
- Initial Cost of Machines:
- Machine 1: Rs. 40,000
- Machine 2: Rs. 30,000
- Total Initial Cost: Rs. 70,000
- Depreciation Rate: 15%
Calculation of Depreciation for Previous Years
1. For the year 2009-10:
- Depreciation = 15% of 70,000 = Rs. 10,500
- WDV at the end of 2009-10 = 70,000 - 10,500 = Rs. 59,500
2. For the year 2010-11:
- Depreciation = 15% of 59,500 = Rs. 8,925
- WDV at the end of 2010-11 = 59,500 - 8,925 = Rs. 50,575
3. For the year 2011-12:
- Depreciation = 15% of 50,575 = Rs. 7,586.25
Conclusion
- The depreciation for the year 2011-12 is Rs. 7,586.25.
This calculation reflects the impact of the depreciation policy on the machines as they age, ensuring that the financial statements accurately represent the value of the assets over time.
To calculate the depreciation for the year 2011-12, we will first determine the written down value (WDV) of the machines at the beginning of that year and apply the depreciation rate of 15% on it.
Details of Machines and Depreciation Calculation
- Initial Cost of Machines:
- Machine 1: Rs. 40,000
- Machine 2: Rs. 30,000
- Total Initial Cost: Rs. 70,000
- Depreciation Rate: 15%
Calculation of Depreciation for Previous Years
1. For the year 2009-10:
- Depreciation = 15% of 70,000 = Rs. 10,500
- WDV at the end of 2009-10 = 70,000 - 10,500 = Rs. 59,500
2. For the year 2010-11:
- Depreciation = 15% of 59,500 = Rs. 8,925
- WDV at the end of 2010-11 = 59,500 - 8,925 = Rs. 50,575
3. For the year 2011-12:
- Depreciation = 15% of 50,575 = Rs. 7,586.25
Conclusion
- The depreciation for the year 2011-12 is Rs. 7,586.25.
This calculation reflects the impact of the depreciation policy on the machines as they age, ensuring that the financial statements accurately represent the value of the assets over time.
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On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.?
Question Description
On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.?.
On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.?.
Solutions for On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.? in English & in Hindi are available as part of our courses for CA Foundation.
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On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.?, a detailed solution for On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.? has been provided alongside types of On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.? theory, EduRev gives you an
ample number of questions to practice On October 01 2009 two machines costing Rs 40000 and Rs. 30000 respectively, were purchased. On March 31.2013 both the machines had to be discarded because of damage and had to be replaced by two machines costing Rs. 50000 and Rs 40000 respectively. One of the discarded machine was sold for Rs. 12000 and against the other it was expected that Rs. 10000 would be realized. The firm provides depreciation @15% on written down value. Calculate depreciation for 2011 - 12.? tests, examples and also practice CA Foundation tests.
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