Question

From the following particulars show the Trucks A/c for the years 1985 to 1989 charging depreciation at 20% p.a. on S.L.M.

Truck No, I was purchased for Rs. 20,000 on 1.1.85; it was sold for Rs. 2,000 on 1.7.88

Truck no. 2as purchased on 1.7.85 for Rs. 18,000

Truck no. 3 was purchased on 1.7.87 for Rs. 12,000

It was exchanged for a new truck no. 5 on 1.1.89, the cash price of the truck no.5 was Rs. 10,000 on that date. Truck no. 4 was purchased on 1.7.87 for Rs. 10,500​

Answer 1

Answer:

From the following particulars show the Trucks A/c for the years 1985 to 1989 charging depreciation at 20% p.a. on S.L.M.

Truck No, I was purchased for Rs. 20,000 on 1.1.85; it was sold for Rs. 2,000 on 1.7.88

Truck no. 2as purchased on 1.7.85 for Rs. 18,000

Truck no. 3 was purchased on 1.7.87 for Rs. 12,000

It was exchanged for a new truck no. 5 on 1.1.89, the cash price of the truck no.5 was Rs. 10,000 on that date. Truck no. 4 was purchased on 1.7.87 for Rs. 10,500

Answer 2

Answer:

From the following particulars show the Trucks A/c for the years 1985 to 1989 charging depreciation at 20% p.a. on S.L.M.

Truck No, I was purchased for Rs. 20,000 on 1.1.85; it was sold for Rs. 2,000 on 1.7.88

Truck no. 2as purchased on 1.7.85 for Rs. 18,000

Truck no. 3 was purchased on 1.7.87 for Rs. 12,000

It was exchanged for a new truck no. 5 on 1.1.89, the cash price of the truck no.5 was Rs. 10,000 on that date. Truck no. 4 was purchased on 1.7.87 for Rs. 10,500