Plant & machinery has an opening balance of Rs. 20,000.
Rate of depreciation =15% p.a.
Plant & machinery will be shown in the assets side of balance sheet at _____.

Q. In the books of D Ltd. machinery account shows a debit balance of Rs. $60,000$ as on April 1, 2003. The machinery was sold on September 30,2004, for Rs. $20,000$. The company charges depreciation @$20$%p.a on diminishing balance method. Profit/Loss on sale will be __________.

Q. Date of Purchase of Machine 1.4.2012, Cost: Rs. 12,00,000, Rate of Depreciation: 10% p.a. Straight Line Basis. On 1.10.2014, a new machinery was purchased for Rs. 80,000. The closing balance of Provision for Depreciation Account as at 31.3.2015 will be:

Q. Rate of depreciation under written down value method is 15% p.a. Cost of the machinery is Rs. 10,00,000. Residual value at the end of useful life is Rs. 20,000. Depreciation for the first year will be:

Q. On January 1, 1992, there was a balance of Rs. 4,000 in the plant and machinery account. An addition of Rs. 2,000 was made on July 1, 1992. Accounts were closed for the year on December 31, 1992. If depreciation was charged at 10% per annum, the balance in the plant and machinery account on the closing date would be:

Q. The balance of Fixed Assets of Falna Ltd. at W.D.V. at the end of $2013$ and $2014$ are Rs. $3,60,000$ and Rs. $6,00,000$ Accumulated depreciation on Fixed Assets for $2013$ and $2014$ are Rs. $1,60,000$ and Rs. $1,80,000$. A machinery costing Rs. $20,000$ which is half depreciated is discarded and written off during $2006$, here the amount of purchase of fixed assets is ______________.