Question

On 1-1-91 a trader purchased a 3 years lease of premises for  Rs.30000 and it is decied to make provision for replacement by means of depreciation fund .The expected rate of interest on the investment is 5% per annum.The sinking fund tables shows that Rs.0.317208 ar 3 years accumulatee to Rs.1 

Open Depreciation Fund A/C,Depreciation Fund Investment A/c and Lease A/C. ​

Answer 1

Answer:

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