Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. android ltd. purchased on 01/01/2019 a plant for r

Android Ltd. purchased on 01/01/2019 a plant for Rs.58,000 and spent Rs.4,000 for...

80.2K

Verified Solution

Question

Accounting

Android Ltd. purchased on 01/01/2019 a plant for Rs.58,000 and spent Rs.4,000
for carriage and brokerage. On 01/04/2020 it purchased additional plant costing Rs.
40,000. On 01/08/2021 the plant purchased on 01/01/2019 was sold for Rs.35,000
and on the same date a new plant was purchased for 38,000. Depreciation is
provided at 10% per annum on diminishing balance method every year. Accounts
are closed on 31st December every year. Prepare depreciation schedule for 3 years
showing separately profit or loss on sale of plant.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Source code with comments explaining your code in C# Program 2: Buh-RING IT! For this assignment,...

Programming
Q

Efficient diversification was discussed in Chapter 6. Diversification in an investment portfolio is a significant concept for...

Finance
Q

The gene encoding which of the following has the appropriate characteristics to be considered a...

Biology
Q

uniform boards tied together with the help of string are balanced on a surface as...

Physics
Q

3 Write the equation of a circle in standard form with diameter AB Where A...

Geometry
Q

Perform the operation 4 610 718 X

Basic Math
Q

Find 32 3 Find 3x x 1 dx

Calculus
Q

(16 points) Let T: P3 ? P3 be the linear transformation such thatT(2x) = 4x...

Algebra
Q

Question Find a solution to the linear equation y 12x 24

Algebra
Q

Explain the 4 levels of organisational strategy that exist within an organisation such...

Accounting
Q

A five-year note for $2300 issued on November 1,2016, with interest at 5% compounded annually...

Accounting
Q

/takeAssignment/takeAssignmentMain.do?invoker-assignme Selected Accounts From The Ledger Of Restoration A I Chegg.com E Calculator ook Show...

Accounting