Question: Berlia Ltd. Purchased a second hand machine for Rs. 56,000 on July 01, 2001 and spent Rs. 24,000 on its repair and installation and Rs.

Berlia Ltd. Purchased a second hand machine for Rs. 56,000 on July 01, 2001 and spent Rs. 24,000 on its repair and installation and Rs. 5,000 for its carriage. On September 01, 2002, it purchased another machine for Rs. 2,50,000 and spent Rs. 10,000 on its installation.

(a) Depreciation is provided on machinery @10% p.a on original cost method annually on December

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