A Company acquired a lease costing Rs. 1,00,000 for a term of 3 year and decided to

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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.

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