Question

On
1st
April
2015
Farid
of
Nasik
purchased
a
Motor
Car
for
55,000
.
The
scrap
value
the
Motor
Car
was
estimated
at
10,000
and
its
estimated
life
is
10
years
The
Registration
Show
Motor
Car
Account
for
first
four
years
,
assuming
that
the
books
of
accounts
7oo7 Practical Problems on Straight Line Method or
1.
charges of the Motor Car was 5,000.
are closed on 31st March every year depreciation account​

Answer 1

Answer:

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