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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 1st January 2018, when they purchased
plant and equipment for 9,00,000. They adopted a policy of charging
depreciation at 15% per annum on diminishing balance basis and over the years,
their purchases of plants have been as follows01/01/2019 Rs.3,50,000
01/01/2022 Rs.4,00,000
On 1/1/2022 it was decided to change the method and rate of depreciation to
straight line basis. On this date remaining useful life was assessed as 6 years for
all the assets purchased before 1/1/2022 with no scrap value and 10 years for the
asset purchased on 1/1/2022. Prepare depreciation schedule for 5 years. Books
of accounts are closed on 31st December every year.

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