(a) In the books of Topmaker Limited, carrying amount of Plant and Machinery as on 1st April, 2022 is ₹56,30,000. On scrutiny, it was found that a purchase of Machinery worth ₹21,12,000 was included in the purchase of goods on 1st June, 2022. On 30th June, 2022 the company disposed a Machine having book value of ₹9,60,000 (as on 1st April, 2022) for ₹8,25,000 in part exchange of a new machine costing ₹15,65,000. The company charges depreciation @ 10% p.a. on written down value method on Plant and Machinery. You are required to compute: (i) Depreciation to be charged to Profit & Loss Account; (ii) Book value of Plant & Machinery as on 31st March, 2023; and (iii) Profit/Loss on exchange of Plant & Machinery.

(b) Trower Limited is an Indian importer. It imports goods from True View Limited situated at London. Trower Limited has a payable of £50,000 to True View Limited as on 31st March, 2023. True View Limited has given Trower Limited the following two options: (i) Pay immediately with a cash discount of 1% on the payable. (ii) Pay after 6 months with interest @ 5% p.a. on the payable. The borrowing rate for Trower Limited in rupees is 15% p.a. The following are the exchange rates: Date ₹/£ 31st March, 2023 97 30th September, 2023 99 You are required to give your opinion to Trower Limited on which of the above two options to be chosen.

(c) On 1st April 2021, Eleanor Limited purchased a manufacturing Plant for ₹60 lakhs, which has an estimated useful life of 10 years with a salvage value of ₹10 lakhs. On purchase of the Plant, a grant of ₹20 lakhs was received from the government. You are required to calculate the amount of depreciation as per AS-12 for the financial year 2022-23 in the following cases: (i) If the grant amount is deducted from the value of Plant. (ii) If the grant is treated as deferred income. (iii) If the grant amount is deducted from the value of Plant, but at the end of the year 2022-2023 grant is refunded to the extent of ₹4 lakhs, due to non-compliance of certain conditions. (iv) If the grant is treated as the promoter's contribution. (Assume depreciation on the basis of Straight-Line Method.)

(d) On 1st April, 2022 Workhouse Limited took a loan from a Financial Institution for ₹25,00,000 for the construction of Building. The rate of interest is 12%. In addition to above loan, the company has taken multiple borrowings as follows: (i) 8% Debentures: ₹15,00,000 (ii) 15% Term Loan: ₹30,00,000 (iii) 10% Other Loans: ₹18,00,000 The company has utilised the above funds in construction / purchase of the following assets: (i) Building: ₹70,00,000 (ii) Furniture: ₹22,00,000 (iii) Plant & Machinery: ₹90,00,000 (iv) Factory Shed: ₹43,00,000 The construction of Building, Plant & Machinery and Factory Shed was completed on 31st March 2023. Readymade Furniture was purchased directly from the market. The factory was ready for production on 1st April 2023. You are required to calculate the borrowing cost for both qualifying and non-qualifying assets.