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1On April 1,2020,ZLtd.purchasedapl antfor 5,00,000.On1 stOctoberinthesa me year,additionalplantcosting 2,00,000 waspurchased. On 1st October2021,the plant purchasedon 1stApril2020,havingbec omeobsoletewassoldofffor2,65,000.0 July2022,newplantwaspurchasedfor8 ,00,000andonthesamedateplantpurch n1st ased on 1stOctober2020wassoldfor1,70,0 00. The
1On April 1,2020,ZLtd.purchasedapl antfor 5,00,000.On1 stOctoberinthesa me year,additionalplantcosting 2,00,000 waspurchased. On 1st October2021,the plant purchasedon 1stApril2020,havingbec omeobsoletewassoldofffor2,65,000.0 July2022,newplantwaspurchasedfor8 ,00,000andonthesamedateplantpurch n1st ased on 1stOctober2020wassoldfor1,70,0 00. The firm providesdepreciation@ 10%p.a. onoriginal coston31st Marcheveryyear .Youarerequiredtoshow(1)PlantAccou nt, (ii)Depreciation Account,and (iii)provision fordepreciation accountforthree accountingyearsending31st March23 13:34
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