A Company acquired a lease costing Rs. 1,00,000 for a term of 3 year and decided to
Question:
A Company acquired a lease costing Rs. 1,00,000 for a term of 3 year and decided to write off depreciation by Annuity Method Charging interest at 5%. The annuity to provide for Rs. 1 for 3 years at 5% interest is Rs. 0.367098. Prepare Lease Account for three years.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Zero To Mastery In Accounting Become A High Level Accounting Manager
ISBN: 9789392475177
1st Edition
Authors: HECTOR ROBINETT
Question Posted: