Mangha Ram & Co. bought a plant on
1.1.2013 for Rs. 20,000. Rs. 1,000 was
spent on its installation. Another plant
was bought on 1.7.2013 for Rs. 10,000.
On 1.7.2015, the plant purchased on
1.1.2013 became obsolete and was sold
for Rs. 12,500 and on the same date
another plant was bought for
Rs. 16,000. Depreciation was being
charged at 10% on original cost of the
asset but in 2016 company decided to
charge depreciation @20% on
diminishing balance method.
Prepare plant account from 2013 to
2017.
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answer is 11 is the answer please thank me I want 300 thanks
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