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Alankar Ltd . commenced business on 1 st January 2 0 1 8 , when they purchased plant and equipment for 9 , 0 0
Alankar Ltd commenced business on st January when they purchased
plant and equipment for They adopted a policy of charging
depreciation at per annum on diminishing balance basis and over the years,
their purchases of plants have been as follows Rs
Rs
On it was decided to change the method and rate of depreciation to
straight line basis. On this date remaining useful life was assessed as years for
all the assets purchased before with no scrap value and years for the
asset purchased on Prepare depreciation schedule for years. Books
of accounts are closed on st December every year.
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