Illustration - 4

1. Depreciate machine @ 10% p.a that had been purchased on 1st Oct. For rs 40000. Books are closed on 31st December.

Depreciation a/c.     1000
To Machinery a/c.              1000

2. Appreciate land by rs 25000.

Land a/c.                       25000.
To appreciation a/c.                  25000.

3. Tools of  rs 15000. Now revalued at rs. 10000 only.

Depreciation a/c.                      5000
To tools & implements a/c.                 5000


Now I closed illustration now. If you have any question comment me.

Now  I stray new topic..