(Solution Download) depreciation


a transport company purchases 10 motor trucks at rs 90000 each on 1st april 2002.On 1st october 2004 one of the trucks got an accident and was completely destroyed.Rs 54000 are recieved from the insurer in full settlement.On the same date another truck was purchased for the sum of rs 100000.The company wrote depreciation at 20% on the original cost per annum and observed calendar year year its financial year.Give the motor trucks account from 2002 t0 2004

 







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