Need help in passing the jvs

For Revaluation of Land in 2009 pass the following entry

Land Dr                  290000

Revaluatino Res Cr  290000

For Sale of Land

Bank A/C Dr    500000

To- Profit & Loss A/c         110000

To Land                           390000

For Photocopier Machine:

You have not mentioned the depreciation method followed and also the accounting year you are following.  I assume it as WDV & the year ends on March every year.  You can compute the depreciation accordingly if the year followed different

WDV of the machine as on March08  10000 as per policy

Additions =2000.  Pass the following entry

Photocopier Dr   2000

To- Bank/Supplier             2000

WDV as on March09=(10000+2000-3000=9000)

Pass the following entry for depr:

Depr A/C Dr    3000

To Photocopier          3000

Pass the following entry for depr upto Sep10:

Depr   Dr   1125

To Photocopier    1125

Pass the following entry for sale of the machine

Bank A/c   Dr     6000

P&L            Dr       1875 (9000-1125-6000)

To-  Photocopier            7875

For the Investment Properties are you carrying on any business in the said properties.  If they are held for Investment purposes & you are earning any income from these properties then how can you claim depreciation on these properties.

Thanks Gri, any I dea on Q2 &Q3

For 2009 pass the following entry

Debtors(Party A/c)  Dr

To Sales

In 2010 pass teh following entry

Sales Return   Dr

To Debtors