Question

On 1st July, 2005, Geeta Paper Limited purchased a Plant for 1,50,000
and paid 10,000 as freight on its carriage. Depreciation was provided at 10% p.a. on
the Written Down Value Method on this plant. On 1st Oct., 2008, this plant was
sold for 80,000.​ Prepare Plant A/c for 4 years, assuming that the books are closed on 31st March every year.​

Answer 1

Answer:

Depreciation- 2005-2006=12000

2006-2007=14800

2007-2008=6660

Total Depreciation=33460

Sale Value 80000

Loss=46540