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3. M/s Salman Trading Corporation the following balances in its books of accounts on December 31, 2019 before adjustment. a) Building 580,000 b) Allowance for

3. M/s Salman Trading Corporation the following balances in its books of accounts on December 31, 2019 before adjustment. a) Building 580,000 b) Allowance for depreciation 120,000 Observe the adjusting entries assuming that 10% depreciation is charged on Cost. Observe the adjusting entries assuming that 10% depreciation is charged on Book Value. 1

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