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Max Traders Co. purchased a motorcycle on 1st Jan,2012 of Rs. 45,000. Depreciation was charged @10% p.a on original cost method (Fixed Installment method /

Max Traders Co. purchased a motorcycle on 1st Jan,2012 of Rs. 45,000.  Depreciation was charged @10% p.a on original cost method (Fixed
Installment method / Straight line method) . Calculate depreciation and  prepare Motorcycle account for 3 years, if the Books are closed on 31st
December of every year.

Harris& Co. purchased a machinery on 1st July,2012 of Rs. 1,00,000. Depreciation was charged @10% p.a on Fixed Installment method (Original cost method / Straight line method). Calculate depreciation and prepare Machinery account for 4 years, if the Books are closed on 31st December of every year.

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