21. Tata Allianz Cosmetics Ltd. Purchased on 1% April, 2015 a plant for Rs. 80,000.
On 151
July, 2016, it purchased additional plant costing Rs. 48,000. On 1" December,
2017 the
plant purchased on 1" April, 2015 was sold off for Rs. 42,000 and on the same
date fresh plant was purchased at the cost of Rs. 75,000.
Depreciation is provided at 10% per annum on the Diminishing Balance Method
every year. Accounts are closed each year on 31" March every year
Show the Plant Account for 3 years.
(8)
Answers
Answer:
flQ3. On 1-4-2013 Beta Utd bought a Plant for Rs.300,000 including a boiled for Rs.60,000 Depreciation was
flQ3. On 1-4-2013 Beta Utd bought a Plant for Rs.300,000 including a boiled for Rs.60,000 Depreciation wasprovided @10% paon diminishing balance method. During the ddle of third year boiler was burst so it
flQ3. On 1-4-2013 Beta Utd bought a Plant for Rs.300,000 including a boiled for Rs.60,000 Depreciation wasprovided @10% paon diminishing balance method. During the ddle of third year boiler was burst so itwas sold as scrap for Rs 8,000 A new boiler was purchased on the date for Rs 50,000 show Plant
flQ3. On 1-4-2013 Beta Utd bought a Plant for Rs.300,000 including a boiled for Rs.60,000 Depreciation wasprovided @10% paon diminishing balance method. During the ddle of third year boiler was burst so itwas sold as scrap for Rs 8,000 A new boiler was purchased on the date for Rs 50,000 show Plantaccount for 3 year