1.

A company purchased a second hand plant was put to use on 1-1-90. After having used it for six years,it was sold for RS.15,000 . Your are required to prepare the plant A/C for 6 years, providing depreciation at 10% on original cost.

Answer»

Explanation: SP= RS 15000

                       depreciation= 10 per cent 6 years use

                      sp+ depreciation

                     rs 15000+ 10 per cent 15000

                  rs 16500

                     



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