hari ltd. bought a plant for rs 600000 on 1 april 2011. on 31 july 2011 a part of plant purchased on 1 april 2011 for rs 200000 was sold for rs 120000 and new plant was purchased for 150000. it was decided to provide depreciation at 10% per anum on straight line method. books are closed on 31 march each year prepare plant account and provision for depreciation account each year till 2014
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I think
last would not be recorded I think
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