m/s sanjeeb enterprises purchesed a plant on 01.04.15 for₹3,70,000 and installed the same at a cost of ₹30,000.on 1st july, 2016 the firm purchased another plant for ₹1,00,000.on 01.07.17,it sold off the first plant purchaaed in 2015 for ₹2,80,000. on the same date, it purchased a new plant for ₹2,50,000. on 01.07.18, the second plant purchased for₹ 1,00,000 was also sold for ₹20,000 show plant account from 2015 to 2018, if depreciation is provided at 10%per annum on the original cost. accounting year ends on 31st December.
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sanjeeb enterprises purchesed a plant on 01.04.15 for₹3,70,000 and installed the same at a cost of ₹30,000.on 1st july, 2016 the firm purchased another plant for ₹1,00,000.on 01.07.17,it sold off the first plant purchaaed in 2015 for ₹2,80,000. on the same date, it purchased a new plant for ₹2,50,000. on 01.07.18, the second plant purchased for₹ 1,00,000 was also sold for ₹20,000 show plant account from 2015
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