Question

Illustration 5 (Change in Method)
Voltas Ltd. bought a truck on 1 January, 2000 for Rs. 60,000 and a sum of Rs. 20,000 was
spent for various accessories. On 1 July, 2001 another vehicle was purchased for Rs. 52,000. On
1 July 2002, the first truck was sold for Rs. 60,000. On the same date, another truck was
purchased for Rs. 50,000. On 1 July 2003, the second vehicle was sold for Rs. 46,000. Rate of
depreciation was 10% on the original cost annually on 31 December. In 2002 the method of
charging depreciation has changed to diminishing value method, on the balance existing on 31-
12-2002 the rate being 15%, p.a Prepare Truck Account for 2000, 2001, 2002 and 2003.​

Answer 1

Answer:

sorry I don't know accountancy