Question 1

Question No 01 Chapter No 13 - USHA Publication  11 Classc

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Question No 01 Chapter No 13
Life of Asset Given in Years
1. On 1st April 2016, a machine was purchased for Rs 35,000. The estimated life of the machine is 5 years after which its brake up value will be Rs 5,000 only. Prepare the machinery account for the first three years, by straight-line method assuming that the books are closed on 31st March.
The solution of Question No 01 Chapter No 13:-  
The method of calculating the Deprecation rate:

Amount of Depreciation =
Cost of assets- Estimated

Question 2

Question No 02 Chapter No 13 - USHA Publication  11 Class

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Question No 02 Chapter No 13
Life of Asset Given in Years
2. Heena Traders purchased a plant for Rs 10,000 on 1st April,2015. installation charges were Rs 2,000 Plants is estimated to have a scrap value of Rs 1,000 at the end of its useful of five years.Prepare the plants account for the first three years charging depreciation according to straight line method, when books are closed on 31st March every year
The solution of Question No 02 Chapter No 13:-  
The method of calculating the Deprecati

Question 3

Question No 03 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 03 Chapter No 13
Rate of Depreciation is given
3. Upkar Singh purchased a machine costing Rs 80,000 on 1st Aril,2015. Prepare the machinery account for 4 years, when depreciation id charged @ 10%p.a. on original cost an the books are closed on 31st March every year
The solution of Question No 03 Chapter No 13:-  
The method of calculating the Deprecation rate:

Amount of Depreciation 
=
Cost of Machinery / Rate of Depreciation

=
80,000 / 10 X 100

=
8,000

Dr.
Machin

Question 4

Question No 04 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 04 Chapter No 13
Rate of Depreciation is given
4. A company purchased a plant for Rs 1st April,2015. It further spends Rs 1,000 on its installation. It was put into use from 1st August,2015.You are required to draw the following ledger accounts for the first four years when the rate of depreciation is 10%p.a. on straight-line method and books are closed on 31st March every year:(i) Plant Account and (ii) Depreciation Account
The solution of Question No 04 Chapter No 13:-  
The metho

Question 5

Question No 05 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 05 Chapter No 13
Calculation of Rate of Depreciation in the Straight Line Method
5. A company purchased a plant for Rs 4,00,000. the useful life of the plant is 10 years and the estimated scrap value id Rs 4,000. determine the rate of depreciation when the management wants to Depreciate it by the straight-line method.
The solution of Question No 05 Chapter No 13:-  
The method of calculating the Deprecation rate:

Amount of Depreciation =
Cost of assets- Estimated Realizable or Sc

Question 6

Question No 06 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 06 Chapter No 13
Calculation of Rate of Depreciation in the Straight Line Method
6. Sanjay Sharma purchased office equipment for Rs 1,07,000 on 1st April 2014 and spent Rs 3,000 on its freight. The life of the estimated as 20 years, when it will be sold for Rs 10,000Calculate the rate of Depreciation per annum and prepare offices equipment accounts for the first four years. Books are closed on 31st March every year
The solution of Question No 06 Chapter No 13:-  
The method of calcu

Question 7

Question No 07 Chapter No 13 - USHA Publication  11 Class

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Question No 07 Chapter No 13
Addition to Assets
7. Panch Rattan Processors purchased machinery at a cost of Rs 4,60,000 on 1st January 2017 and incurred Rs 40,000 expenses on its purchase and installation. On 1st October 2017, straight-line method id 10%p.a. the firm closes its books on 31st March each year.Write up machinery account and depreciation account for the years 2016-17, 2017-18 and 2018-19
The solution of Question No 07 Chapter No 13:-

Dr.
Machine A/c
Cr.

Date
Particulars
J.

Question 8

Question No 08 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 08 Chapter No 13
Addition to Assets
8. On 1st April 2017, Dalip Pandey purchased a building for Rs 5,00,000. the extension in the building was done at cost of Rs 1,00,000 on 1st January 2019. the building was further extended on 1st July 2019 at cost of Rs 2,00,000Prepare Building account for the first three years when depreciation is charged @6%p.a. on straight-line method and books are closed on 31st March every year
The solution of Question No 08 Chapter No 13:-

Dr.
Machine

Question 9

Question No 09 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 09 Chapter No 13
Addition to Assets and Life Given in Years
9. On 1st April,2015, Harnam Singh purchased certain furniture items costing Rs 85,000. It is estimated that its working life is 10 Years, at the end of which it will fetch Rs 5,000. Additions are made on 1st April,2016 and 1st Octuber,2018, to the value of Rs 19,800 and Rs 12,400(Residual values Rs 1,800 and Rs 2,400 respectively)Show the furniture account for first four years, if depreciation is provided according to stra

Question 10

Question No 10 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 10 Chapter No 13 - USHA
Addition to Assets and Life Given in Years
10. Mahesh Grover purchased machinery with a useful life of 10 years for Rs 86,000 and spent Rs 4,000 on its installation on 1st April 2014. Another machine was purchased on 1st July 2015 for Rs 60,000 on which 10% p.a. depreciation will be charged on Original cost. On 1st October 2016, another machine was purchased for Rs 65,000. life of this machine is 8 Years and its residual value Rs 1,000Prepare Machinery Accoun

Question 11

Question No 11 Chapter No 13 - USHA Publication  11 Class

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Question No 11 Chapter No 13
Sale of Total Assets
11. Balwant Gargi purchased one building at a cost of Rs 12,00,000 on 1st July 2016. the building was depreciated @10% p.a. on fixed instalment method. On 31st March 2019, the building was sold for Rs 17,00,000Prepare Machinery Account for the first four years, when books are closed on 31st March every year.
 
The solution of Question No 11 Chapter No 13:-

Dr.
Building A/c
Cr.

Date
Particulars
J.F.
Amount
Date
Particulars
J.F.
Amount

Question 12

Question No 12 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 12 Chapter No 13 
Sale of Total Assets
12. Krishnamurthi purchased a machine for Rs 3,00,000 on 1st April 2016. Another machine was purchased on 1st January 2018 for Rs 1,80,000. the depreciation was charged @10% p.a. on the original cost of the machine. Both the machine was sold on 1st February 2019 for Rs 2,45,000 and Rs 5,000 was brokerage was paid on the sale.Prepare Machinery Account for the years 2016-17 to 2018-19
The solution of Question No 12 Chapter No 13 - USHA

Dr.
Mac

Question 13

Question No 13 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 13 Chapter No 13
Sale of Total Assets
13. Arun Singh purchased furniture for Rs 1,90,000 and spent Rs 10,000 on its freight. Depreciation on furniture is charged @10% p.a. on fixed instalment method. The furniture was sold Rs 1,20,000. Books are closed on 31st March each year.Calculate the profit or loss on the sale of furniture in the following alternative cases:

Case 1:
Furniture was purchased on 1st April 2014 and sold 31st March 2019

Case 2:
Furniture purchased on 1st Octob

Question 14

Question No 14 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 14 Chapter No 13
Sale of Total Assets
14. Parshant Kishore purchased a plant for Rs 6,00,000 on 1st April 2016. The addition was made in the plant on 1st July 2017 for Rs 3,00,000. On 1st January 2019, one –third of the plant purchased on 1st April,2017 was sold for Rs 1,40,000Prepare the plant Account and Depreciation account for the years 2016-17 to 2018-19, when depreciation was charged @20%p.a. on Straight-line basis and books are closed on 31st March every year.
The solution of

Question 15

Question No 15 Chapter No 13 - USHA Publication  11 Class

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Question No 15 Chapter No 13 - USHA
Sale of Total Assets
15. Prabhu Deva purchased a machine for Rs 10,00,000 on 1st July 2015. it further purchased the machine for Rs 4,00,000 on 1st October 2016. in July 2017, one-fifth of the machinery purchased on 1st July 2015 was sold at 80% of book value.Prepare the machinery account for the years 2015-16 to 2018-19, when depreciation was charged @10% p.a. on the fixed instalment method
The solution of Question No 15 Chapter No 13 - USHA

Dr.
Machinery

Question 16

Question No 16 Chapter No 13 - USHA Publication  11 Class

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Question No 16 Chapter No 13
Sale of Total Assets
16. A machinery was purchased for Rs 10,000 on 1st April,2015 by Asees Kaur. It was decided to depreciate it at the rate of 10% p.a. on original cost method . On 1st October,2016, another machinery was purchased for Rs 20,000. on 1st April, 2017, the machinery bought on 1st April, 2015 was sold for Rs 8,500Prepare Machinery Account for Rs three years assuming that the books are closed on 31st March, each year
The solution of Question No 16 Chapt

Question 17

Question No 17 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 17 Chapter No 13
Sale of Total Assets
17. Raj Vaid purchased the machinery on 1st April 2016 for Rs 65,000. He engaged Kabul to erect the units, who charged Rs 5,000 and agreed to month for his payment. The machinery was depreciated at @10% p.a. on the fixed instalment method. On 1st October 2018, a single unit which cost Rs 10,000 original was sold for the cash price of Rs 10,000. on the same date, new machinery costing Rs 10,000( paid by cheque) was installed. Write the date, anew

Question 18

Question No 18 Chapter No 13 - USHA Publication  11 Class

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Question No 18 Chapter No 13
Sale of Total Assets
18. Majha Transport company purchased 5 trucks at Rs 50,000 each on 1st July,2015. the company writes off depreciation @20% p.a. on original cost and observe financial years as it its accounting years.On 1st January, 2018, one of the trucks met with an accident and is completely destroyed. Insurance company paid Rs 22,500 in full settlement of the claim. On the same day, the company purchased another truck for Rs 25,000 and spent Rs 5,000 o its

Question 19

Question No 19 Chapter No 13 - USHA Publication  11 Class

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Question No 19 Chapter No 13
Sale of Total Assets
19. Mummun Sen bought furniture for Rs 36,000 and spent Rs 4,000 for its fitting and cartage on 1st April 2014. Additional furniture was bought on 1st October 2014 for Rs 20,000. while the first furniture was to serve for 10 years with no scrap value, the second one to serve for 5 years to leave a scrap of Rs 4,000. on 1st July 2015, another item of furniture was bought for Rs 10,000, charging 10%p.a. depreciation on cost. On 30th June 2016 the

Question 20

Question No 20 Chapter No 13 - USHA Publication  11 Class

Sarbjit Singh · Accepted Answer

Question No 20 Chapter No 13
Sale of Total Assets
20. Navjot Traders purchased on 1st April,2016, a small plant for Rs 10,000. on 1st October, in the same years, additional plants was purchased costing Rs 5,000. on 1st October, 2017, the plant purchased on 1st April, 2016 having become obsolete was sold for Rs 4,000. on 1st October, 2018, fresh plant was purchased for Rs 12,000 and the plants purchased on 1st October, 2016 was sold for Rs 4,200Depreciation is provided at 10% per annum on origin

Date	Particulars	Amount	Date	Particulars	Amount
Dr.	Machine A/c				Cr.
01/04/14	To Cash A/c	35,000	31/03/15	By Deprecation A/c	6,000
			31/03/15	By Balance C/d	29,000
		35,000			35,000
01/03/15	To Balance b/d	29,000	31/03/16	By Deprecation A/c	6,000
			31/03/16	By Balance C/d	23,000
		29,000			29,000
01/03/16	To Balance b/d	23,000	31/03/17	By Deprecation A/c	6,000
			31/03/17	By Balance C/d	17,000
		23,000			23,000

Amount of Depreciation =	Cost of assets- Estimated Realizable or Scrap value
	Number of years of expected useful life

USHA Publication +1 Elements of Book-Keeping Solutions Chapter No. 13 - Depreciation

Quick Chapter Summary & Cheat Sheet

💡 Depreciation Rules & Formulas

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Table of Contents

Question No 01 Chapter No 13 - USHA Publication 11 Classc

The solution of Question No 01 Chapter No 13:-

Question No 02 Chapter No 13 - USHA Publication 11 Class

Question No 03 Chapter No 13 - USHA Publication 11 Class

Question No 04 Chapter No 13 - USHA Publication 11 Class

Question No 05 Chapter No 13 - USHA Publication 11 Class

Question No 06 Chapter No 13 - USHA Publication 11 Class

Question No 07 Chapter No 13 - USHA Publication 11 Class

Question No 08 Chapter No 13 - USHA Publication 11 Class

Question No 09 Chapter No 13 - USHA Publication 11 Class

Question No 10 Chapter No 13 - USHA Publication 11 Class

Question No 11 Chapter No 13 - USHA Publication 11 Class

Question No 12 Chapter No 13 - USHA Publication 11 Class

Question No 13 Chapter No 13 - USHA Publication 11 Class

Question No 14 Chapter No 13 - USHA Publication 11 Class

Question No 15 Chapter No 13 - USHA Publication 11 Class

Question No 16 Chapter No 13 - USHA Publication 11 Class

Question No 17 Chapter No 13 - USHA Publication 11 Class

Question No 18 Chapter No 13 - USHA Publication 11 Class

Question No 19 Chapter No 13 - USHA Publication 11 Class

Question No 20 Chapter No 13 - USHA Publication 11 Class

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Question No 32 Chapter No 13 - USHA Publication 11 Class

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Question No 34 Chapter No 13 - USHA Publication 11 Class

Question No 35 Chapter No 13 - USHA Publication 11 Class

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Question No 37 Chapter No 13 - USHA Publication 11 Class

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Question No 39 Chapter No 13 - USHA Publication 11 Class

Question No 40 Chapter No 13 - USHA Publication 11 Class

Question No 41 Chapter No 13 - USHA Publication 11 Class

Question No 42 Chapter No 13 - USHA Publication 11 Class

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