Hari Ltd., OM Ltd. and Bhakti Ltd. decided to jointly construct a pipeline to transport the gas from one place to another that was manufactured by…

Extract of Consolidated Balance Sheet Note (₹) Assets Non-current Assets Property, Plant and Equipment: 1 1,07,10,000 1,07,10,000 Notes to Accounts (₹) 1. Property, Plant and Equipment Land & Building: Hari Ltd. 5,70,000 OM Ltd. 5,70,000 Bhakti Ltd. 5,70,000 17,10,000 Plant & Machinery: Hari Ltd. 25,50,000 OM Ltd. 25,50,000 Bhakti Ltd. 25,50,000 76,50,000 Computers: Hari Ltd. 90,000 OM Ltd. 90,000 Bhakti Ltd. 90,000 2,70,000 Vehicles: Hari Ltd. 3,60,000 OM Ltd. 3,60,000 Bhakti Ltd. 3,60,000 10,80,000 In the Books of Hari Ltd. Extract of statement of Profit & Loss Particulars Note No. ₹ Depreciation and amortisation expense 1 6,30,000 Other operating Expenses (Pipeline Expenses) 3,00,000 Extract of Balance Sheet Note No. ₹ Assets Non-current assets Property, Plant and Equipment 2 35,70,000 Notes to Accounts Particulars ₹ 1. Depreciation and amortisation expense Land & Building 30,000 Plant & Machinery 4,50,000 Computers 60,000 Vehicles 90,000 6,30,000 2. Land & Building 6,00,000 - Less: Depreciation 30,000 5,70,000 Plant & Machinery 30,00,000 - Less: Depreciation 4,50,000 25,50,000 Computers 1,50,000 - Less: Depreciation 60,000 90,000 Vehicles 4,50,000 - Less: Depreciation 90,000 3,60,000 35,70,000 In the Books of OM Ltd. Extract of draft Profit & Loss Account Particulars Note No. ₹ Depreciation and amortisation expense 1 6,30,000 Other operating Expenses (Pipeline Expenses) 3,00,000 Extract of Balance Sheet Note No. ₹ Assets Non-current assets Property, Plant and Equipment 2 35,70,000 Notes to Accounts Particulars ₹ 1. Depreciation and amortisation expense Land & Building 30,000 Plant & Machinery 4,50,000 Computers 60,000 Vehicles 90,000 6,30,000 2. Land & Building 6,00,000 - Less: Depreciation 30,000 5,70,000 Plant & Machinery 30,00,000 - Less: Depreciation 4,50,000 25,50,000 Computers 1,50,000 - Less: Depreciation 60,000 90,000 Vehicles 4,50,000 - Less: Depreciation 90,000 3,60,000 35,70,000 In the Books of Bhakti Ltd. Extract of Draft Profit & Loss Account Note No. ₹ Depreciation and amortisation expense 1 6,30,000 Other operating Expenses (Pipeline Expenses) 3,00,000 Extract of Balance Sheet Note No. ₹ Assets Non-current assets Property, Plant and Equipment 2 35,70,000 Notes to Accounts Particulars ₹ 1. Depreciation and amortisation expense Land & Building 30,000 Plant & Machinery 4,50,000 Computers 60,000 Vehicles 90,000 6,30,000 2. Land & Building 6,00,000 - Less: Depreciation 30,000 5,70,000 Plant & Machinery 30,00,000 - Less: Depreciation 4,50,000 25,50,000 Computers 1,50,000 - Less: Depreciation 60,000 90,000 Vehicles 4,50,000 - Less: Depreciation 90,000 3,60,000 35,70,000