Question

27) A plant is purchased for Rs 60,000 on 1 April.2017. It is estimated that the residual
value of this plant at the end of its working life of 10 years will be Rs 20,920.
Depreciation is to be provided at 10% P.a. on diminishing balance method.
You are require to show the plant account for 3 Years. Assuming books are closed on
31st March every year.
Or
4​

Answer 1

Explanation:

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