एउटा कम्पनीले बैशाख १, २०७० मा दुईवटा मेसिन, प्रति मेसिन रु. २,००,००० का दरले खरिद गर्यो । माघ १, २०७१ मा रु. ३,००,००० को अर्को मेसिन खरिद गर्यो । २०७० मा खरिद गरेको एउटा मेसिनलाई २०७२ कार्तिक १ मा…

Machine Account (2070–2072)

Step 1: Initial Purchase (2070 Baishakh 1)

• Two machines purchased at Rs. 2,00,000 each:
  • Total cost: Rs. 4,00,000
  • Depreciation rate: 10% (diminishing balance method)

Step 2: Depreciation for 2070 (Chaitra 31, 2070)

• Depreciation for each machine: $2,00,000\times 10\%=20,000$
• Total depreciation for 2070: $20,000\times 2=40,000$
• Book value at end of 2070: $2,00,000-20,000=1,80,000$ per machine

Step 3: Purchase of Third Machine (2071 Magh 1)

• Third machine purchased for Rs. 3,00,000
• Depreciation for 2071:
  • First two machines (2070 purchase): $1,80,000\times 10\%=18,000$ per machine Total for two machines: $18,000\times 2=36,000$
  • Third machine (purchased in 2071): Depreciation is calculated for 9 months (Magh 1 to Chaitra 31): $3,00,000\times \frac{9}{12}\times 10\%=22,500$
  • Total depreciation for 2071: $36,000+22,500=58,500$

Step 4: Sale of One Machine (2072 Kartik 1)

• Machine sold for Rs. 1,50,000 (purchased in 2070)
• Book value before sale (2071 Chaitra 31): $1,80,000$ (from 2070)
• Depreciation for 2072 (up to Kartik 1): $1,80,000\times \frac{7}{12}\times 10\%=10,500$
• Book value at sale: $1,80,000-10,500=1,69,500$
• Loss on sale: $1,69,500-1,50,000=19,500$

Step 5: Depreciation for 2072 (Chaitra 31, 2072)

• Remaining machines:
  • One machine (2070 purchase, not sold): Book value before depreciation: $1,80,000$ Depreciation: $1,80,000\times 10\%=18,000$
  • Third machine (2071 purchase): Book value before depreciation: $3,00,000-22,500=2,77,500$ Depreciation: $2,77,500\times 10\%=27,750$
• Total depreciation for 2072: $18,000+27,750=45,750$

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Machine Account (2070–2072)

Final Book Value of Machines (2072 Chaitra 31):

• One machine (2070 purchase): $1,80,000-18,000=1,62,000$
• One machine (2071 purchase): $2,77,500-27,750=2,49,750$
• Total: Rs. 4,11,750 (Note: Adjustments may be needed if partial year depreciation is not considered in the final balance.)

Correction: The closing balance should be calculated as follows:

• Machine 1 (2070, not sold): $1,80,000-18,000=1,62,000$
• Machine 2 (2071 purchase): $2,77,500-27,750=2,49,750$
• Total closing balance: Rs. 4,11,750

However, the Machine Account should reflect the net book value after all transactions, which is Rs. 4,02,250 (as per the account above). The discrepancy arises due to the sale of one machine and its book value adjustment.

Final Machine Account Balance (2072 Chaitra 31): Rs. 4,02,250 (after accounting for depreciation and sale).

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Note: The Loss on Sale (Rs. 19,500) is transferred to the Profit & Loss Account, and the remaining book value is carried forward. The Machine Account is now closed with the net book value of the remaining machines.