Q11: B&A Inc., recently purchased new Machinery for the business at a list price of Rs =95,000/-. Mr Nailson the seller remained your old good friend so he offered you 13% discount. The policy requires Rs =77,00/-. as an insurance coverage for in transit. Mr Nailson also incurred Rs =1550/- as a promotional activity in selling process related to this particular machine. Freight charges totaled =990/- Rs incurred for delivery of the machine. Installation charges of machinery is =2460/- Rs. After installation training cost of the machinery for assurance of proper working is Rs=750/-. Right after machinery started working and produced some units the company incurred Rs=1200/- for service charges for machinery. Compute the total cost debited to the B&A Inc, machinery account? (3 marks)

Q12: Being an accountant of B&A Inc., (reference to the information available in question no 11) you have been provided with following additional information: the estimated useful life of the asset is 4.5 years, Residual value of the asset is estimated Rs=5550/-. now (prepare) a straight lone depreciation table? (2.5 marks)

Q13: Based on the information available in question no 11 & 12, you are required to (prepare a) 200% declining balance table? (2.5 marks)