Question

deprecitation of plant is divided on the bases of what..........
pls say me the answer

Answer 1

Answer:

Depreciation of plant divided into two groups:

1. with provision method

2.without provision method (normally used method)

Explanation:

with provision method:

Depreciation a/c. Dr. xxxxx

To plant a/c. xxxxx

(adjusting entry)

profit and loss a/c dr. xxxxx

To depreciation a/c. xxxxx

(transferring entry)

without provision method:

Depreciation a/c. Dr. xxxxx

To provision for depreciation. xxxxx

(adjusting entry)

profit and loss a/c dr. xxxxx

To depreciation a/c xxxxx

(transferring entry)