Prepare Assets Alc. ano
Cost of asset purchased Rs. 1500000, Date of purchase-01/07/2013
Installation exps. Rs.150000
Rate of depreciation 8% p.a. as per SLM.
Date of sale 1/1/2016, sale value- 650000
Prepare Assets A/c.
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Answer:
1500000+150000=
Explanation:
=3,00,000*8/100
=24000
sales 6,50,000-24000
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