Extra sums of depreciation:

Q1) On 1/4/2006 Amruta and company purchased a imported Machine from France the cost of the machine is Rs 15,00,000 and import duty of Rs 2,50,000 and installation charges 25,000. On 1/8/2007 the imported Machine was sold for Rs 5,00,000. On the same date it purchased another machine for Rs 1,00,000. On 1/8/2008 the company purchased another machine for Rs 4,00,000 Prepare machinery account and depreciation account for 2006-07, 2007-08, 2008-09, assuming that depreciation is charged on diminishing balance method at 10%. Q2) On 1/1/2006 sahil and company purchased a imported Machine from the cost of the machine is Rs 10,00,000 and import duty of Rs 1,50,000 and installation charges 15,000. On 1/6/2007 purchased a machine for Rs 1,00,000. On 1/8/2008 the company purchased another machine for Rs 3,00,000 and the machinery purchased on 1/1/2006 was sold for Rs 5,00,000. Prepare machinery account and depreciation account for 2006, 2007, 2008 assuming that depreciation is charged on original cost method at 15%.