Question 1

Problem No 1 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 1 Chapter No 11 - Unimax Class 11
A company purchases a machinery costing ₹ 4,00,000. Depreciation is to be annually according to straight line method. The usual life of plant is 9 years and its scrap value after 9 years is estimated to be ₹ 40,000.Calculate the:(1) Amount of depreciation to be charges every year.(2) Rate of Depreciation.
The solution of Problem No 1 Chapter No 11 -
 
(1) Amount of deprecation charges every year ₹ 4,00,000 - 40,0009
₹3,60,0009
Total Value - Scrap Val

Question 2

Problem No 2 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 2 Chapter No 11 - Unimax Class 11
A machinery is purchases for ₹ 60,000 on 1st April, 2013. Its usual life has been estimated 7 years. After the expiry of usual life, the scrap will realise ₹ 4,000. Prepare machinery account and depreciation account if depreciation is charges by fixed instalment method for 7 years.
The solution of Problem No 2 Chapter No 11 -

Dr.
Machine A/c
Cr.

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

1/4/2013
To Bank A/c
 
60,000
31/03/14
By

Question 3

Problem No 3 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 3 Chapter No 11 - Unimax Class 11
X Ltd. Purchases an asset on 1st July,2016 at a cost of ₹ 1,10,000 and ₹ 10,000 on its installation. The firm writes off depreciation at 10% of the original cast every year. The books are closed on December 31 every year. Prepare the machinery account and depreciation account for four years.
The solution of Problem No 3 Chapter No 11 -

Dr.
Machine A/c
Cr.

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

1/7/2016
To Bank A/c
 
1,1

Question 4

Problem No 4 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 4 Chapter No 11 - Unimax Class 11
X Ltd. Purchases a machinery for ₹ 8,00,000 on 1st January 2016. On 1st July,2017 it purchased a new machinery for ₹ 2,85,000 and spent ₹ 15,000 towards its carriage and installation. On 1st qctober,2018 it purchased another machinery for ₹ 2,00,000. The machinery purchases on 1st July, 2017 was sold off on 31st march,2020 for ₹ 1,55,000. Depreciation is charges @ 15% p.a. on straight line method. Prepare machinery account and depreciation account fo

Question 5

Problem No 5 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 5 Chapter No 11 - Unimax Class 11
An asset was purchases for ₹ 1,00,000 on 1st April,2015, Assuming annual depreciation to be 12% show the asset account for five years under written down value method.
The solution of Problem No 5 Chapter No 11 -

Dr.
Machine A/c
Cr.

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

1/4/2015
To Bank A/c
 
1,00,000
31/03/16
By Deprecation A/c
 
12,000

31/03/14
By Balance C/d
 
88,000

1,00,000
 
 
 
1,00,000

1/4/2016
To

Question 6

Problem No 6 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 6 Chapter No 11 - Unimax Class 11
A firm purchases on 1st jan.2018 a second-hand machinery for ₹ 36,000 and spent ₹ 4,000 on its installation.On 1st July in same year, another machinery costing ₹ 20,000 was purchased. On 1st July,2020 machinery bought on 1st Jan., 2018 was sold for ₹ 12,000 and a fresh machine purchased for ₹ 64,000 on the same date. Depreciation is provided annually on 31st Dec. @ 10% p.a. on the written down value method. Show machinery A/c from 2019 to 2020.
The s

Question 7

Problem No 7 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 7 Chapter No 11 - Unimax Class 11
On April 01, 2019, following balance appeared in the books of M/s. Kanishka Traders: Furniture account ₹ 50,000 provision for depreciation on furniture ₹ 22,000. On October 01,2019 a part of furniture purchases for ₹ 20,000 on oct. 01, 2015 was sold for ₹ 5,000. On the same date a new furniture costing ₹ 25,000 was purchases. The depreciation was provided @ 10% p.a. on original cost of the asset and no depreciation was charged on the asset in the yea

Question 8

Problem No 8 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 8 Chapter No 11 - Unimax Class 11
On 1st January 2018 M/s Atul and Bros. purchased 5 washing machines for ₹ 15,000 each. They sold on January 1,2019 one machinery for ₹ 12,500. They have decided to write off depreciation @ 10% on straight line method. Prepare washing machinery A/c, washing machinery disposal A/c and provision for depreciation a/c for two years. Accounts are closed on 31st December every year.
The solution of Problem No 8 Chapter No 11 -

Dr.
Washing Machine A/c
Cr.

Question 9

Problem No 9 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Problem No 9 Chapter No 11 - Unimax Class 11
The following balance appear in the books of M/s Kusha waha sons:

Jan.1,2020
Machinery account
₹ 40,000

Jan.1.2020
Provision for deprecation
₹ 18,000

On 1st Jan. 2020 they decided to sell a machinery for ₹ 4,350. This machinery was purchased in January 2018 for ₹ 8,000.
You are required to prepare machinery A/c and the “provision for depreciation A/c” on 31st Dec.2020. assuming the firm has been charging depreciation at 10% p.a. on straight l

Question 10

Question No 1 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 1 Chapter No 11 - Unimax Class 11
Straight Line Method
A company purchases a plant for ₹ 20,000. The useful life of the plant of the plant is 8 years and the estimated residual value after 8 years id ₹ 4,000. Determine the rate of depreciation if management wants to depreciate it by straight line method.
The solution of Question No 1 Chapter No 11 -

Total Value
- 
Residual Value

Useful Life

It is all about Question No 1 Chapter 11 of Class 11 unimax, If you have any problem

Question 11

Question No 2 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 2 Chapter No 11 - Unimax Class 11
On 1st January 2016, a limited company purchases a machine for ₹ 72,000 and spent ₹ 4,000 on its installation. At the date of purchase, it was estimated that the scrap value of the machine would be 4 6,000 at the end of ten year.Prepare machinery account by and Depreciation A/c in the books of company for 4 years it deprecation is provided by Fixed Instalment method. The books are closed on 31st December each year.
The solution of Question No 2 Chap

Question 12

Question No 3 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 3 Chapter No 11 - Unimax Class 11
Vasu & Co. acquired a machine on 1st July,2016 at a cost of ₹ 70,000 and spent ₹ 5,000 on its installation and carriage. The firm writes off depreciation at 10% of the original cost every year. Prepare Machinery A/c and Deprecation A/c for Four years. The books are closed on 31st December each year.

The solution of Question No 3 Chapter No 11 -

Dr.
Machine A/c
Cr.

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

01-07-2016
To

Question 13

Question No 4 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 4 Chapter No 11 - Unimax Class 11
A company purchases a plant for ₹ 31,000 on January 1,2016. If further spent ₹ 1400 on its installation. It was brought into use from 1st May,2016. You are required to prepare plant account and depreciation account for the first four years when rate of depreciation is 10% p.a. on straight line method.
The solution of Question No 4 Chapter No 11 -

Dr.
Machine A/c
Cr.

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

01/01/16
To Bank A/

Question 14

Question No 5 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 5 Chapter No 11 - Unimax Class 11
A Maruti van was purchased on 1.1.2018 for ₹ 60,000 and ₹ 5,000 was spent on its repairs and registration. On 1.7.2019 another van was purchases for ₹ 70,000. On 1.1.2020 first van purchased on 1.1.2018 was sold for ₹ 45,000 and a new van costing ₹ 1,70,000 was purchased on the same date. Show Maruti van account from 2018-2020 on the basis of straight line method, if the rate of depreciation charged is 10% p.a. assume that books are closed on 31st D

Question 15

Question No 6 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 6 Chapter No 11 - Unimax Class 11
A company purchased machinery on 1st April,2018 costing ₹ 29,500, it spent ₹ 500 on its carriage. It further purchased machinery on 1st October,2018 costing ₹ 20,000 and on 1st July,2019 costing ₹ 10,000. On 1st January 2020. The machinery installed on 1st April 2018 was sold for ₹ 3,000.Prepare machinery account for 3 years if depreciation is to be charged @ 10% p.a. by Fixed installment method. The books are closed on 31st December each year
The s

Question 16

Question No 8 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 8 Chapter No 11 - Unimax Class 11
From the following transactions of a concern, prepare machinery account for the year ending 31st Dec.2019:Jan.1: Purchased a second-hand machinery for ₹ 40,000.Jan.1: Spent ₹ 10,000 on repair for making it serviceable.Jun.30: Purchased additional new machinery for ₹ 20,000.Set.10: Repair and renewals of machinery for ₹ 2,000.Dec.31: Depreciate the machinery at 10% p.a.
The solution of Question No 8 Chapter No 11 -

Dr.
Machine A/c
Cr.

Date
Parti

Question 17

Question No 9 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 9 Chapter No 11 - Unimax Class 11
K. Ltd. Purchased a machinery worth ₹ 8,00,000 as 1st January,2016. On 1st July,2017 it purchased a new machinery for ₹ 2,60,000 and spent ₹ 40,000 on its cartage and installation. On 1st October,2018 it purchased another machinery for ₹ 1,80,000and spent ₹ 20,000 for its installation. The machine purchased on 1st July,2017 was sold off on 31st march 2020 for ₹ 1,55,000. Depreciation is charges @ 15% p.a. on straight line method. Prepare plant and m

Question 18

Question No 10 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 10 Chapter No 11 - Unimax Class 11
X Ltd. has imported a machinery on 1st July, 2017 for ₹ 1,28,000, paid customs duty and freight ₹ 65,000 and incurred erection charges ₹ 48,000. Another local machinery costing ₹ 80,000 was purchased on January 1, 2018. On 1st July 2019, a portion of the imported machinery (value one-third) got out of order and was sold for ₹ 27,840. Another machinery was purchased to replace the same for ₹ 40,000 on 1.7.19. depreciation is being provided @ 20% p.a

Question 19

Question No 11 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 10 Chapter No 11 - Unimax Class 11
Diminishing Balance Method Question.11 A company purchased a plant for ₹ 60,000 on 1st Jan.,2016. It is estimated that scrap value of this plant at the end of its working life of 12 years will be ₹ 12,420. Depreciation is to be provided @ 10% p.a. by ‘Diminishing balance method’.Prepare plant account for 4 years assuming that books are closed on 31st Dec., each year.
The solution of Question No 10 Chapter No 11 -

Dr.
Machine A/c
Cr.

Date
Parti

Question 20

Question No 12 Chapter No 11 - Unimax 11 Class

Sarbjit Singh · Accepted Answer

Question No 12 Chapter No 11 - Unimax Class 11
The original cost of machinery amount to ₹ 4,000 and it is decided to write off 5% on the Diminishing value of asset as depreciation at the end of each year.Prepare the ledger account as it will appear during first four years.
The solution of Question No 12 Chapter No 11 -

Dr.
Machine A/c
Cr.

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

1st year
To Bank A/c
 
4,000
 
By Deprecation A/c
 
200

Unimax class 11 - 2021 Solutions Chapter No. 11 - Depreciation - Unimax +1

Quick Chapter Summary & Cheat Sheet

💡 Depreciation Rules & Formulas

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Table of Contents

Problem No 1 Chapter No 11 - Unimax 11 Class

The solution of Problem No 1 Chapter No 11 -

Problem No 2 Chapter No 11 - Unimax 11 Class

Problem No 3 Chapter No 11 - Unimax 11 Class

Problem No 4 Chapter No 11 - Unimax 11 Class

Problem No 5 Chapter No 11 - Unimax 11 Class

Problem No 6 Chapter No 11 - Unimax 11 Class

Problem No 7 Chapter No 11 - Unimax 11 Class

Problem No 8 Chapter No 11 - Unimax 11 Class

Problem No 9 Chapter No 11 - Unimax 11 Class

Question No 1 Chapter No 11 - Unimax 11 Class

Question No 2 Chapter No 11 - Unimax 11 Class

Question No 3 Chapter No 11 - Unimax 11 Class

Question No 4 Chapter No 11 - Unimax 11 Class

Question No 5 Chapter No 11 - Unimax 11 Class

Question No 6 Chapter No 11 - Unimax 11 Class

Question No 8 Chapter No 11 - Unimax 11 Class

Question No 9 Chapter No 11 - Unimax 11 Class

Question No 10 Chapter No 11 - Unimax 11 Class

Question No 11 Chapter No 11 - Unimax 11 Class

Question No 12 Chapter No 11 - Unimax 11 Class

Question No 13 Chapter No 11 - Unimax 11 Class

Question No 14 Chapter No 11 - Unimax 11 Class

Question No 15 Chapter No 11 - Unimax 11 Class

Question No 16 Chapter No 11 - Unimax 11 Class

Question No 17 Chapter No 11 - Unimax 11 Class

Question No 18 Chapter No 11 - Unimax 11 Class

Question No 19 Chapter No 11 - Unimax 11 Class

Question No 20 Chapter No 11 - Unimax 11 Class

Question No 21 Chapter No 11 - Unimax 11 Class

Question No 22 Chapter No 11 - Unimax 11 Class

Question No 23 Chapter No 11 - Unimax 11 Class

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