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On 1 april 2010 0lant and machinery was purchased for 120000 new machinery was purchased on 1 october 2010 for 50000 and on 1 july 2011 for 25000 . On 1 january 2013 a machinery of the original value of 20000 which was included in the machinery purchased on 1 april 2010 was sold for 6000 prepare plant and machinery account for three years after providing depreciation at 10% p.a. on straight line method . Accounts are closed on 31 march every year

For 2010
depreciation on machinery purchased on 1 april 2010- 12000
depreciation on machinery purchased on 1 october 2010- 2500
For 2011
balance b/d- 108000+47500+=155500
depreciation on 1st machine- 12000
depreciation on 2nd machine- 5000
depreciation on 3rd machine- 1875 (for 9 months)
For 2012
balance b/d- 96000+42500+23125=161625
depreciation on 1st machine- 10000
depreciation on 2nd machine- 5000
depreciation on 3rd machine- 2500
depreciation on machine sold-1667
sale value- 6000
book value on 1st april 2012- 16000
:loss on sale- 8333
:balance b/d- 46500
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April 10 plant and machinery was purchased for rupees 120000
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On 1 april 2010 0lant and machinery was purchased for 120000 new machinery was purchased on 1 october 2010 for 50000 and on 1 july 2011 for 25000 . On 1 january 2013 a machinery of the original value of 20000 which was included in the machinery purchased on 1 april 2010 was sold for 6000 prepare plant and machinery account for three years after providing depreciation at 10% p.a. on straight line method . Accounts are closed on 31 march every year
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