Accountancy, asked by Bunty5670, 6 months ago

Mrs singhania and bras purchased a plant for rs.10, 0000 and spend 5, 0000rs. On installation.solvage value of plant after its useful life of 10 year is estimated to be 10.000.prepare plant account and charge depriciation for H years(2017-2021).use straight line method, books of accounts closed on 31st march every year.

Answers

Answered by rravireddy77

0

Explanation:

(Rs.)Puchase cost50,00,000

Add: Installation cost50,000

Original cost5,50,000

Salvage value10,000

Useful life10years

RS 550000 - RS 10000÷ 10 = RS 549000

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