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General Accounting Discussions: I face Problem to solve "DEPRECIATION" Hlep me plz

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    • CommentAuthorSaeed Khan
    • CommentTimeSep 5th 2009 edited
     
    A Company Ltd. Purchased a truck on 1 April 1998 for Rs.5,00,000.
    On 1 July 1999 an other truck was purchased for Rs.5,50,000.
    On 1 Oct 2001, the truck purchased on 1 April 1998 met with an accident the claim for Rs.1,50,000.
    The company charges depreciation @ 20% on written down value basis and maintain of provision for depreciation account.
    Prepare truck account,
    provision for deprecation on truck account,
    truck disposal account.

    Kindly Solve the above problem for me for my Assignment. Thanks

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