(b) A plant asset acquired at the beginning of the fiscal year at a cost of Tk. 28,20,000 has an estimated trade in value/ salvage value of Tk. 3,00,000 and an estimated useful life of 8 years. Determine the following: (i) The amount of annual depreciation by the straight-line method. [1] (ii) The amount of depreciation for the second year computed by the double declining balance method. [1]

c) What do you mean by plant asset? How do you record the acquisition of plant asset, deprecation the plant asset and disposal of plant asset? [2]

d) Suppose the managements performance is aligned with the companys performance. As a manager of the company, you wish to have a short-term profit planning for the company, which depreciation method can you target for the initial years to achieve your goal? Why? Illustrate with examples. [2]

e) What is your overall learning from this course? What is your understanding of accounting before and after the semester? What do you think about the career of accounting? Will you choose accounting as a career? Why or why not? [2]