the kanpur transpor co. bought turck from the Delhi transport co. on hire purchase agreement on 1st April 2011 paying cash 20000 agreeing to pay three further instalment of 20000 each on 31st December every year. the cash price of turck is 74500and the Delhi transport co. charges interest at 5 present annum. the kanpur co.write off 10,present pa depreciation on reducing balance method. accounts are closed on 31st March every year.
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Answer:
the truck is not working properly
Explanation:
so we buy a new truck
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