I have solved this but there are difference going 1500rs in total

Khushi · 16 Aug 2025

I have solved the issue; you can check it now.

Himanshi, · 16 Aug 2025

WN 1: Cost of machines Machine I (1-Jan-2020): Purchase ₹2,40,000 + Erection ₹10,000 = ₹2,50,000 Machine II (1-Jul-2020): ₹1,00,000 Machine III (1-Jul-2022): ₹2,00,000 WN 2: Depreciation (SLM @ 5% p.a., time-apportioned) 2020 Machine I: 2,50,000 × 5% × 12/12 = ₹12,500 Machine II: 1,00,000 × 5% × 6/12 = ₹2,500 Total 2020 = ₹15,000 2021 Machine I: ₹12,500 Machine II: ₹5,000 Total 2021 = ₹17,500 2022 Machine I (till sale on 1-Jul-2022): 2,50,000 × 5% × 6/12 = ₹6,250 Machine II (full year): ₹5,000 Machine III (from 1-Jul-2022): 2,00,000 × 5% × 6/12 = ₹5,000 Total 2022 = ₹16,250 2023 Machine II: ₹5,000 Machine III: ₹10,000 Total 2023 = ₹15,000 WN 3: Sale of Machine I on 1-Jul-2022 Accumulated depreciation on Machine I up to sale: 2020: ₹12,500; 2021: ₹12,500; 2022 (6 months): ₹6,250 → Total = ₹31,250 Book Value at sale = 2,50,000 − 31,250 = ₹2,18,750 Sale proceeds = ₹1,43,000 Loss on sale = 2,18,750 − 1,43,000 = ₹75,750 ✅ WN 4: Closing balance (31-Dec-2023) Machine II NBV = 1,00,000 − (2,500 + 5,000 + 5,000 + 5,000) = ₹82,500 Machine III NBV = 2,00,000 − (5,000 + 10,000) = ₹1,85,000 Total closing balance = ₹82,500 + ₹1,85,000 = ₹2,67,500 ✅