On 1st Jan 2015 X transporter purchased 3 trucks for ₹25,000/- each. On 1st July 2016, Company sold one more truck for ₹22,000/- . On 1st Jan 2017 company purchased one more truck for ₹40,000/- . Assuming financial year ends on 31st March and depreciation is provided of 10% .
Prepare truck account and Depreciation
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Depreciation is calculated using Diminishing Balance Method
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