Question

y co ltd purchase a plant on 1-1-06 at a cost of rs 4500 tha working life of the plant is estimated to be 4 years the scrap value of the same is rs 500 prepare plant a/c for next 4 year​

Answer 1

Answer:

to kr lo prepare har bar 500 kata dena

Answer 2

Answer:

depreciation= cost - scrap value /life

= 4500-500/4

=4000/4=1000 per year

plant account

dr. amt amt. cr

1.1.06. 31.12.06

bank a/c 4500. dep. 1000

balance 3500

1.1.07. 31.12.07

balance. 3500. dep. 1000

balance 2500

1.1.08. 31.12.08

balance. 2500. dep. 1000

balance 1500

1.1.09. 31.12.09

balance. 1500. dep 1000

bank. 500

(sale,)