X ltd purchase a plant were on 1 april 2014 for rs 120,000. Addition to plant were also made on 1.7 .2014 for rs 50,000 and on 1.10.2015 with plant cost rs 40,000 . On 1 july ,2016 ,plant cost rs50,000 on 1.4.2014 was sold for rs30,000 on 1 October ,2016 . Depreciation was provided @10% p.a. on staright line method on calender year basis .Prepare plant A\C from 2014 to 2016.
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X ltd purchase a plant were on 1 april 2014 for rs 120,000. Addition to plant were also made on 1.7 .2014 for rs 50,000 and on 1.10.2015 with plant cost rs 40,000 . On 1 july ,2016 ,plant cost rs50,000 on 1.4.2014 was sold for rs30,000 on 1 October ,2016 . Depreciation was provided @10% p.a. on staright line method on calender year basis .Prepare plant A\C from 2014 to 2016.
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