Calculate the total amount to be debited to depreciation account- begin array - c - c - Whine-text Desk - 1000 - 300 - 7 lllhline e n d a r r a y A- Rs 200B- Rs 260C- Rs 100D- Rs 360

The correct option is D Rs 360 [ Asset amp; Cost amp; Salvage Value amp; Life amp; Dep; Computer am ...

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Standard XI

Accountancy

Journal & Ledger for Recording Depreciation

Calculate the...

Question

Calculate the total amount to be debited to depreciation account?

$\begin{matrix} Asset & Cost & Salvage Value & Life Computer & 1200 & 200 & 5 Monitor & 300 & 0 & 5 Desk & 1000 & 300 & 7 \end{matrix}$

Rs 200

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Rs 260

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Rs 100

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Rs 360

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Solution

The correct option is D
Rs 360

$\begin{matrix} Asset & Cost & Salvage Value & Life & Dep Computer & 1200 & 200 & 5 & 200 Monitor & 300 & 0 & 5 & 60 Desk & 1000 & 300 & 7 & 100 Total & 360 \end{matrix}$

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Ashok, Babu and Chetan are in partnership sharing profit in the proportion of 1/2, 1/3, 1/6 respectively. They dissolve teh partnership of the december 31, 2012, when the balance sheet of the firm as under
$\begin{matrix} Balance Sheet Of Ashok, Babu and Chetan \end{matrix}$
$\begin{matrix} As on December 31, 2012 \end{matrix}$

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Trial balance of Kohli did not agree and showed an excess debit of Rs. 16300. He put the difference to a suspense account and discovered the following errors.

(a) Cash received from Rajat Rs. 5,000 was posted to the debit of Kamal as Rs. 6,000.

(b) Salaries paid to an employee Rs. 2,000 were debited to his personal account as Rs. 1,200.

(d) Depreciation provided on machinery Rs. 3,000 was posted to machinery account as Rs. 300.

(e) Sale of an old car for Rs. 10,000 was credited to sales account as Rs. 6,000.

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Additional Information:

(i) During the year a machine costing Rs. 1,20,000 was sold at a profit of Rs. 15,000. Depreciation on Plant and Machinery charged during the year amounted to Rs. 50,000.
(ii) Interest paid on Bank Loan amounted to Rs. 30,000
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Calculate the total amount to be debited to depreciation account? AssetCostSalvage ValueLifeComputer12002005Monitor30005Desk10003007

The correct option is D Rs 360 AssetCostSalvage ValueLifeDepComputer12002005200Monitor3000560Desk10003007100Total360

Calculate the total amount to be debited to depreciation account?

$\begin{matrix} Asset & Cost & Salvage Value & Life Computer & 1200 & 200 & 5 Monitor & 300 & 0 & 5 Desk & 1000 & 300 & 7 \end{matrix}$

The correct option is D
Rs 360

$\begin{matrix} Asset & Cost & Salvage Value & Life & Dep Computer & 1200 & 200 & 5 & 200 Monitor & 300 & 0 & 5 & 60 Desk & 1000 & 300 & 7 & 100 Total & 360 \end{matrix}$