Question

On 1.1.92 a plant was purchased for Rs. 4,000. On 1.7.1994 the plant was replaced by
a new plant costing Rs.3,000, the vendor taking the old machine in part exchange ata
valuation of Rs. 800. Show the plant account upto 31st Dec. 1994 assuming that the
business charges depreciation @ 10% on the diminishing value of the plant and the
plant employed at the end of each year.​

Answer 1

Answer:

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Explanation:

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Answer 2

Answer:

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