INDIAN SCHOOL AL WADI AL KABIR

Class: XI Department: Commerce

Worksheet No: Topic: DEPRECIATION

Question 1:

On 1st April, 2009, a Company bought Plant and Machinery costing ₹ 68,000. It is
estimated that its working life is 10 years, at the end of which it will fetch ₹ 8,000.
Additions are made on 1st April, 2010 to the value of ₹ 40,000 (Residual value ₹ 4,000).
More additions are made on Oct. 1, 2011 to the value of ₹ 9,800 (Break up value ₹ 800).
The working life of both the additional Plant and machinery is 20 years.
Show the Plant and Machinery account for the first four years, if depreciation is written
off according to Straight Line Method. The accounts are closed on 31st March every
year.
ANSWER:
Plant & Machinery Account
Dr. Cr.
Date Particulars Amount (Rs) Date Particulars Amount (Rs)
2009 2010
Apr. Bank A/c 68,000 Mar. Depreciation A/c P1 6,000
01 (P1) 31
Mar. Balance c/d 62,000
31
68,000 68,000
2010 2011
Apr. Balance b/d 62,000 Mar. Depreciation A/c
01 (P1) 31
Apr. Bank A/c 40,000 P1 6,000
01 (P2)
P2 1,800 7,800
Mar. Balance c/d
31
P1 56,000
P2 38,200 94,200
1,02,000 1,02,000
2011 2012
Apr. Balance b/d Mar. Depreciation A/c
01 31
P1 56,000 P1 6,000
P2 38,200 94,200 P2 1,800
Oct. Bank A/c 9,800 P3 (for 6 months) 225 8,025
01 (P3)

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 Mar. Balance c/d
31
P1 50,000
P2 36,400
P3 9,575 95,975
1,04,000 1,04,000
2012 2013
Apr. Balance b/d Mar. Depreciation A/c
01 31
P1 50,000 P1 6,000
P2 36,400 P2 1,800
P3 9,575 95,975 P3 450 8,250
Mar. Balance c/d
31
P1 44,000
P2 34,600
P3 9,125 87,725
95,975 95,975

Working Note: Calculation of Depreciation

P1 P2 P3

Question 2:

On 1st January, 2006, A Ltd. Purchased a machine for ₹ 2,40,000 and spent ₹ 10,000 on
its erection. On 1st July, 2006 an additional machinery costing ₹ 1,00,000 was purchased. On
1st July, 2008 the machine purchased on 1st January, 2006 was sold for ₹ 1,43,000 and on the
same date, a new machine was purchased at a cost of ₹ 2,00,000.
Show the Machinery Account for the first three calendar years after charging depreciation at
5% by the Straight Line Method.

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ANSWER:
Machinery Account
Dr. Cr.
Amount ( Amount (Rs
Date Particulars Date Particulars
Rs) )
2006 2006
Jan. Bank A/c (M1) 2,50,000 Dec. Depreciation A/c
01 (2,40,000 + 10,000) 31
M1 12,500
July Bank A/c (M2) 1,00,000 M2 (for 6 2,500 15,000
01 months)
Balance c/d
M1 2,37,500
M2 97,500 3,35,000
3,50,000 3,50,000
2007 2007
Jan. Balance b/d Dec. DepA/c
01 31
M1 2,37,500 M1 12,500
M2 97,500 3,35,000 M2 5,000 17,500
Balance c/d
M1 2,25,000
M2 92,500 3,17,500
3,35,000 3,35,000
2008 2008
Jan. Balanc July Dep M1 6,250
01 e b/d 01
M1 2,25,000 Bank A/c 1,43,000
M2 92,500 3,17,500 P/L (L) 75,750
July Bank A/c (M3) 2,00,000 Dec. Dep A/C
01 31
M2 5,000
M3 (6M) 5,000 10,000
Balance c/d
M2 87,500
M3 1,95,000 2,82,500
5,17,500 5,17,500

Question 3:

A company purchased on 1st April, 2009, a machinery for ₹ 80,000. On 1st October,
2010, it purchased another machine for ₹ 50,000 and on 1st October, 2011, it sold off
the first machine purchased in 2009 for ₹ 23,000. Depreciation was provided on the
machinery at the rate of 20% p.a. on the original cost annually.
Give the Machinery Account for four years commencing from 1st April, 2009.
Accounts are closed on 31st March every year.
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ANSWER:
Machinery Account
Dr. Cr.
Amount (Rs Amount
Date Particulars Date Particulars
) (Rs)
2009 2010
Apr. 01 Bank A/c 80,000 Mar. Depreciation A/c 16,000
(M1) 31
Mar. Balance c/d 64,000
31
80,000 80,000
2010 2011
Apr. 01 Balance b/d 64,000 Mar. Depreciation A/c
31
Oct. 01 Bank A/c (M2) 50,000 M1 16,000
M2 5,000 21,000
Mar. Balance c/d
31
M1 48,000
M2 45,000 93,000
1,14,000 1,14,000
2011 2011
Apr. 01 Balance b/d Oct. Dep A/c (M1) 8,000
01
M1 48,000 Bank A/c 23,000
M2 45,000 93,000 Profit and Loss 17,000
A/c (L)
2012
Mar. Depr A/C M2 10,000
31
Balance c/d 35,000
93,000 93,000
2012 2013
Apr. 01 Balance b/d 35,000 Mar. Dep A/c M2 10,000
31
Mar. Balance c/d 25,000
31
35,000 35,000

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Question 4:

On 1st October, 2009, Raj & Co. purchased machinery worth ₹ 40,000. On 1st October,
2011, it buys additional machinery worth ₹ 10,000. On 30th September, 2012, half of the
machinery purchased on 1st Oct., 2009, is sold for ₹ 8,200. The company writes off 10
per cent p.a. on the original cost. The accounts are closed every year on 31st March.
Show the Machinery Account for four years.
ANSWER:
Machinery Account
Dr. Cr.
Amount ( Amount
Date Particulars Date Particulars
Rs) (Rs)
2009 2010
Oct. 01 Bank Mar. 31 Depreciation A/c
A/c

M1 20,000 M1 (for 6 1,000

months)
M2 20,000 40,000 M2 (for 6 1,000 2,000
months)
Balance
c/d
M1 19,000
M2 19,000 38,000
40,000 40,000
2010 2011
Apr. 01 Balance b/d Mar. 31 Depreciati
on A/c
M1 19,000 M1 2,000
M2 19,000 38,000 M2 2,000 4,000
Balance
c/d
M1 17,000
M2 17,000 34,000
38,000 38,000
2011 2012
Apr. 01 Balance b/d Mar. 31 Depreciati
on A/c
M1 17,000 M1 2,000
M2 17,000 34,000 M2 2,000
Oct. 01 Bank A/c 10,000 M3 (for 6 500 4,500
(M3) months)
Mar. 31 Balance
c/d
M1 15,000
M2 15,000
M3 9,500 39,500

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 44,000 44,000
2012 2012
Apr. 01 Balance b/d Sept. Depreciation A/c (M1) 1,000
30
M1 15,000 Bank A/c (Sale of M1) 8,200
M2 15,000 Profit and Loss A/c 5,800
(Loss on Sale of M1)
M3 9,500 39,500 2013
Mar.31 Depreciation A/c
M2 2,000
M3 1,000 3,000
Balance
c/d
M2 13,000
M3 8,500 21,500
39,500 39,500

Working Note: Calculation of Profit or Loss on Sale of M1

Particulars Amount
Value of Machinery on Apr. 01, 2012 15,000
Less: Depreciation for 6 months 1,000
Value of Machinery Sept. 30, 2012 14,000
Less: Sale Value 8,200
Loss on Sale 5,800

Note: In order to make easy calculation machinery purchased on October

01, 2009 has been divided into two parts i.e. M1 and M2

Thus, M1 represents the first part i.e. sold for Rs 8,200

M2 represents the second part, which remains in the business

Question 5:

A plant is purchased for ₹ 60,000 on 1st April, 2009. It is estimated that the residual
value of this plant at the end of its working life of 10 years will be ₹ 20,920. Depreciation
is to be provided at 10% p.a. on diminishing balance method.
You are required to show the Plant Account for 4 years, assuming that the books are
closed on 31st March every year.

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ANSWER:
Plant Account
Dr. Cr.
Date Particulars Amount (Rs) Date Particulars Amount (Rs)
2009 2010
Apr. Bank A/c 60,000 Depreciation A/c 6,000
Mar. 31
01
Mar. 31 Balance c/d 54,000
60,000 60,000
2010 2011
Apr. Balance b/d 54,000 Depreciation A/c 5,400
Mar. 31
01
Mar. 31 Balance c/d 48,600
54,000 54,000
2011 2012
Apr. Balance b/d 48,600 Depreciation A/c 4,860
Mar. 31
01
Mar. 31 Balance c/d 43,740
48,600 48,600
2012 2013
Apr. Balance b/d 43,740 Depreciation A/c 4,374
Mar. 31
01
Mar. 31 Balance c/d 39,366
43,740 43,740

Note: When deprecation is charged as per written down value method,

scrap value of asset is ignored.

Question 6:

Ashoka Ltd. bought a machine on 1st April, 2010 for ₹ 2,40,000 and spent ₹ 4,000 on its
carriage and ₹ 6,000 towards installation cost. On 1st July, 2011 it purchased a second
hand machinery for ₹ 75,000 and spent ₹ 25,000 on its overhauling.
On 1st January, 2013 it decided to sell the machinery bought on 1st April, 2010 at a
loss of ₹ 20,000. It bought another machine on the same date for ₹ 40,000. Company
decided to charge depreciation @ 15% p.a. on written down value method. Prepare
machinery account for 3 years. Books are closed each year on 31st March.

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ANSWER:
Machinery Account
Dr. Cr.
Amount ( Amount (Rs
Date Particulars Date Particulars
Rs) )
2010 2011
Apr. Bank A/c (M1) 2,50,000 Mar. Depreciation A/c 37,500
01 (2,40,000 31
+ 4,000 + 6,000)
Mar. Balance c/d 2,12,500
31
2,50,000 2,50,000
2011 2012
Apr. Balance b/d 2,12,500 Mar. Depreciation A/c
01 31
July Bank A/c (M2) 1,00,000 M1 31,875
01 (75,000+25,000)
M2 (for 9 11,250 43,125
months)
Mar. Balance
31 c/d
M1 1,80,625
M2 88,750 2,69,375
3,12,500 3,12,500
2012 2013
Apr. Balance b/d Jan. 01 Depreciation A/c 20,320
01 (M1)
M 1,80,625 Bank A/c (Sale of M1) 1,40,305
1
M 88,750 2,69,375 Profit and Loss A/c 20,000
2 (Loss on Sale of M1)
2013 Mar. Depreciation A/c
31
Jan. Bank A/c (M3) 40,000 M2 13,312
01
M3 (for 3 1,500 14,813
months)
Mar. Balance c/d
31
M2 75,438
M3 38,500 1,13,938
3,09,375 3,09,375

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Question 7:

Raja Textiles Co. which closes its books on 31st March, purchased a machine on 1-4-
2009 for ₹ 50,000. On 1-10-2010, it purchased an additional machine for ₹ 30,000. The
part of the machine which was purchased on 1-4-2009 costing ₹ 10,000 was sold for ₹
3,600 on 30th Sept., 2012. Prepare the Machine Account for four years, if the
depreciation is provided at the rate of 10% p.a. on Diminishing Balance Method.
ANSWER:
Machinery Account
Dr. Cr.
Amount ( Amount (
Date Particulars Date Particulars
Rs) Rs)
2009 2010
Apr. Bank Mar. Depreciation A/c
01 A/c 31

M1 10,000 M1 1,000
M2 40,000 50,000 M2 4,000 5,000
Mar. Balance
31 c/d
M1 9,000
M2 36,000 45,000
50,000 50,000
2010 2011
Apr. Balance b/d Mar. Depreciation A/c
01 31
M1 9,000 M1 900
M2 36,000 45,000 M2 3,600
Oct. Bank A/c 30,000 M3 (for 6 1,500 6,000
01 (M3) months)
Mar. Balance
31 c/d
M1 8,100
M2 32,400
M3 28,500 69,000
75,000 75,000
2011 2012
Apr. Balance b/d Mar. Depreciati
01 31 on A/c
M1 8,100 M1 810
M2 32,400 M2 3,240
M3 28,500 69,000 M3 2,850 6,900
Mar. Balance
31 c/d
M1 7,290
M2 29,160
M3 25,650 62,100

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 69,000 69,000
2012 2012
Apr. Balance b/d Sept. Depreciation 365
01 30 A/c (M1)
M1 7,290 Sept. Bank A/c (sale of 3,600
30 M1)
M2 29,160 Sept. Profit and Loss A/c 3,325
30 (Loss on Sale of M1)
M3 25,650 62,100 2013
Mar. Depreciati
31 on A/c
M2 2,916
M3 2,565 5,481
Mar. Balance
31 c/d
M2 26,244
M3 23,085 49,329
62,100 62,100

Working Note: Calculation of Profit & Loss Sale of M1

Particulars Amount
Value of Machinery on Apr. 01, 2012 7,290
Less: Depreciation for 6 months 365
Value of Machinery on Sept.30, 2012 6,925
Less: Sale Value 3,600
Loss on Sale 3,325

Note: In order to make easy calculation, machinery purchased on April 01,

2009 has been divided into two parts i.e. M1 and M2.

Thus, M1: Rs 10,000 (sold for Rs 3,600)

M2: Rs 40,000

Question 8:

A Company, which closes its books on 31st March every year, purchased on 1st July,
2010, machinery costing ₹ 30,000. It purchased further machinery on 1st January, 2011,
costing ₹ 20,000 and on 1st October, 2011, costing ₹ 10,000. On 1st April, 2012, one-
third of the machinery installed on 1st July, 2010, became obsolete and was sold for ₹
3,000.
Show how the machinery account would appear in the books of the Company, it being
given that machinery was depreciated by Diminishing Balance Method at 10% per
annum. What would be the balance of Machinery Account on 1st April, 2013?

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ANSWER:
Machinery Account
Dr. Cr.
Amount (R Amount
Date Particulars Date Particulars
s) (Rs)
2010 2011
July Bank Mar. Depreciation A/c
01 A/c 31

M1 10,000 M1 (for 9 750

months)
M2 20,000 30,000 M2 (for 9 1,500
months)
2011 M3 (for 3 500 2,750
months)
Jan. Bank A/c 20,000 Mar. Balance
01 (M3) 31 c/d
M1 9,250
M2 18,500
M3 19,500 47,250
50,000 50,000
2011 2012
Apr. Balance b/d Mar. Depreciati
01 31 on A/c
M1 9,250 M1 925
M2 18,500 M2 1,850
M3 19,500 47,250 M3 1,950
Oct. Bank A/c 10,000 M4 (for 6 500 5,225
01 (M4) months)
Mar. Balance
31 c/d
M1 8,325
M2 16,650
M3 17,550
M4 9,500 52,025
57,250 57,250
2012 2012
Apr. Balance b/d Apr. Bank A/c (Sale of M1) 3,000
01 01
M1 8,325 Profit and Loss A/c 5,325
(Loss on Sale of M1)
M2 16,650 2013
M3 17,550 Mar. Depreciati
31 on A/c
M4 9,500 52,025 M2 1,665
M3 1,755
M4 950 4,370

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 Mar. Balance
31 c/d
M2 14,985
M3 15,795
M4 8,550 39,330
52,025 52,025

Working Note: Calculation of Profit & Loss on Sale of M1

Particulars Amount
Value of Machinery on Apr. 01, 2012 8,325
Less: Sale Value 3,000
Loss on Sale 5,325

Note: In order to make easy calculation, machinery purchased on July 01,

2010 has been divided into two parts i.e. M1 and M2.

Thus, M1: 1/3rd value i.e Rs 10,000 (sold for Rs 3,000)

M2: 2/3rd value i.e. Rs Rs 40,000 (remained in the business)

Question 9:

On July 1, 2005 Pushpak Ltd. purchased a machinery for ₹ 5,70,000 and paid ₹ 30,000
for its overhauling and installation. Depreciation is provided @ 20% p.a. on Original Cost
Method and the books are closed on 31st March every year. The machine was sold on
31st January 2008 for a sum of ₹ 1,60,000. You are required to show the Machinery
Account and Provision for Depreciation Account for three years.
ANSWER:
Machinery Account
Dr. Cr.
Date Particulars Amount (Rs) Date Particulars Amount (Rs)
2005 2006
July Bank A/c 6,00,000 Mar. Balance c/d 6,00,000
01 (5,70,000 + 31
30,000)
6,00,000 6,00,000
2006 2007
Apr. Balance b/d 6,00,000 Mar. Balance c/d 6,00,000
01 31
6,00,000 6,00,000
2007 2008

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 Apr. Balance b/d 6,00,000 Jan. Provision for 3,10,000
01 31 Depreciation A/c
Bank A/c (Sale) 1,60,000
Profit and Loss A/c 1,30,000
(Loss on Sale)
6,00,000 6,00,000

Provision for Depreciation Account

Dr. Cr.
Amount
Date Particulars Date Particulars Amount (Rs)
(Rs)
2006 2006
Mar. Balance c/d 90,000 Mar. Depreciation A/c 90,000
31 31 (for 9 months)
90,000 90,000
2007 2006
Mar. Balance c/d 2,10,000 Apr. Balance b/d 90,000
31 01
2007
Mar. Depreciation A/c 1,20,000
31
2,10,000 2,10,000
2008 2007
Jan. Machinery A/c 3,10,000 Apr. Balance b/d 2,10,000
31 01
2008
Jan. 31 Depreciation A/c 1,00,000
(for 10 months)
3,10,000 3,10,000

Working Note: Calculation of Profit & Loss on Sale

Particulars Amount
Value of Machinery on July 01, 2005 6,00,000
Less: Depreciation for 9 Months 90,000
Value of Machinery on Apr. 01, 2006 5,10,000
Less: Depreciation 1,20,000
Value of Machinery on Apr. 01, 2007 3,90,000
Less: Depreciation for 10 Months 1,00,000
Value of Machinery on Jan. 31, 2008 2,90,000
Less: Sale Value 1,60,000
Loss on Sale 1,30,000

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Question 10:

A machine as purchased on 1st October 2012 at a cost of ₹ 3,00,000 and ₹ 20,000 were
spent on its installation. The depreciation is written off at 10% p.a. on the Diminishing
Value Method. The books are closed on 31st March every year. The machine was sold
for ₹ 1,30,000 on 1st July 2015. Show the Machinery Account and Provision for
Depreciation Account for all the years.
ANSWER:
Machinery Account
Dr. Cr.
Date Particulars Amount (Rs) Date Particulars Amount (Rs)
2012 2013
Oct. Bank A/c 3,20,000 Mar. Balance c/d 3,20,000
01 (3,00,000 + 31
20,000)
3,20,000 3,20,000
2013 2014
Apr. Balance b/d 3,20,000 Mar. Balance c/d 3,20,000
01 31
3,20,000 3,20,000
2014 2015
Apr. Balance b/d 3,20,000 Mar. Balance c/d 3,20,000
01 31
3,20,000 3,20,000
2015 2015
Apr. Balance b/d 3,20,000 July Provision for 79,916
01 01 Depreciation A/c
Bank A/c (Sale ) 1,30,000
Profit and Loss 1,10,084
A/c (Loss on Sale)
3,20,000 3,20,000

Provision for Depreciation Account

Dr. Cr.
Date Particulars Amount (Rs) Date Particulars Amount (Rs)
2013 2013
Mar. Balance c/d 16,000 Mar. Depreciation A/c 16,000
31 31 (for 6 months)
16,000 16,000
2014 2013
Mar. Balance c/d 46,400 Apr. Balance b/d 16,000
31 01
2014
Mar. Depreciation A/c 30,400
31
46,400 46,400

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 2015 2014
Mar. Balance c/d 73,760 Apr. Balance b/d 46,400
31 01
2015
Mar. Depreciation A/c 27,360
31
73,760 73,760
2015 2015
July Machinery A/c 79,916 Apr. Balance b/d 73,760
01 01
July 01 Depreciation A/c 6,156
(for 3 months)
79,916 79,916

Working Note: Calculation of Profit & Loss on Sale

Particulars Amount
Value of Machinery on Oct. 01, 2012 3,20,000
Less: Depreciation for 6 Months 16,000
Value of Machinery on Apr. 01, 2013 3,04,000
Less: Depreciation 30,400
Value of Machinery on Apr. 01, 2014 2,73,600
Less: Depreciation 27,360
Value of Machinery on Apr. 01, 2015 2,46,240
Less: Depreciation for 3 Months 6,156
Value of Machinery on July 01, 2015 2,40,084
Less: Sale Value 1,30,000
Loss on Sale 1,10,084

Question 11:

On 1st April 2008, a Company purchased 6 machines for ₹ 50,000 each. Depreciation at
the rate of 10% p.a. is charged on Straight Line Method. The accounting year of the
Company ends on 31st March and the depreciation is credited to a separate 'Provision
for Depreciation Account'.
On 1st October, 2010, one machine was sold for ₹ 30,000 and on 1st April, 2011 a
second machine was sold for ₹ 24,000.
You are required to prepare Machinery Account and Provision for Depreciation Account
for four years ending 31st March, 2012.

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ANSWER:
Machinery Account
Dr. Cr.
Amount ( Amount
Date Particulars Date Particulars
Rs) (Rs)
2008 2009
Apr. Bank Mar. 31 Balance
01 A/c c/d

M1 50,000 M1 50,000
M2 50,000 M2 50,000
M3 2,00,000 3,00,000 M3 2,00,000 3,00,000
3,00,000 3,00,000
2009 2010
Apr. Balance Mar. 31 Balance
01 b/d c/d
M1 50,000 M1 50,000
M2 50,000 M2 50,000
M3 2,00,000 3,00,000 M3 2,00,000 3,00,000
3,00,000 3,00,000
2010 2010
Apr. Balance Oct. 01 Provision for 12,500
01 b/d Depreciation A/c
M1 50,000 Bank A/c (Sale of M1) 30,000
M2 50,000 Profit and Loss 7,500
A/c (Loss on Sale of
M1)
M3 2,00,000 3,00,000 2011
Mar. 31 Balance
c/d
M2 50,000
M3 2,00,000 2,50,000
3,00,000 3,00,000
2011 2011
Apr. Balance Apr. 01 Provision for 15,000
01 b/d Depreciation A/c
M2 50,000 Bank A/c (Sale of M2) 24,000
M3 2,00,000 2,50,000 Profit and Loss A/c 11,000
(Loss on Sale of M2)
2012
Mar. 31 Balance c/d (M3) 2,00,000
2,50,000 2,50,000

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 Provision for Depreciation Account
Dr. Cr.
Amount ( Amount
Date Particulars Date Particulars
Rs) (Rs)
2009 2009
Mar. Balance c/d 30,000 Mar. 31 Depreciatio
31 n A/c
M1 5,000
M2 5,000
M3 20,000 30,000
30,000 30,000
2010 2009
Mar. Balance c/d 60,000 Apr. 01 Balance b/d 30,000
31
2010
Mar. 31 Depreciatio
n A/c
M1 5,000
M2 5,000
M3 20,000 30,000
60,000 60,000
2010 2010
Oct. Machinery A/c 12,500 Apr. 01 Balance b/d 60,000
01 (M1)
(5,000 + 5,000 +
2,500)
2011 Oct.01 Depreciation A/c (M1) 2,500
Mar. Balance c/d 75,000 2011
31
Mar. 31 Depreciation
A/c
M2 5,000
M3 20,000 25,000
87,500 87,500
2011 2011
Apr. Machinery A/c 15,000 Apr. 01 Balance b/d 75,000
01 (M2)
(5,000 + 5,000 +
5,000)
2012 2012
Mar. Balance c/d 80,000 Mar. 31 Depreciation A/c (M3) 20,000
31
95,000 95,000

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Working Notes:

WN1: Calculation of Profit & Loss on Sale of M1

Particulars Amount
Value of Machinery on Apr. 01, 2008 50,000
Less: Depreciation 5,000
Value of Machinery on Apr. 01, 2009 45,000
Less: Depreciation 5,000
Value of Machinery on Apr. 01, 2010 40,000
Less: Depreciation for 6 months 2,500
Value of Machinery on Oct. 01, 2010 37,500
Less: Sale Value 30,000
Loss on Sale 7,500

WN2: Calculation of Profit & Loss on Sale of M2

Particulars Amount
Value of Machinery on Apr. 01, 2008 50,000
Less: Depreciation 5,000
Value of Machinery on Apr. 01, 2009 45,000
Less: Depreciation 5,000
Value of Machinery on Apr. 01, 2010 40,000
Less: Depreciation 5,000
Value of Machinery on Apr. 01, 2011 35,000
Less: Sale Value 24,000
Loss on Sale 11,000

Note: For making calculation easy, Machinery purchased on April 01, 2008
has been divided into three i.e. M1, M2 and M3.

Thus, M1: Rs 50,000 (sold for Rs 30,000 on Oct. 01, 2010)

M2: Rs 50,000 (sold for Rs 24,000 on Apr. 01, 2011)
M3: Rs 2,00,000 (includes the cost of 4 machines)

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