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The carrying value of PPE at 1 July 2019 was Rs. 15.78 Million (cost Rs. 20.58 Million and accumulated depreciation Rs. 4.8 Million). During the
The carrying value of PPE at 1 July 2019 was Rs. 15.78 Million (cost Rs. 20.58 Million and accumulated depreciation Rs. 4.8 Million). During the year to 30 June 2020 PPE costing Rs. 4.53 Million were purchased. The depreciation policy is to charge depreciation at 20% on all assets held at the year-end on the diminishing balance basis. Accumulated depreciation for the balance sheet as at 30 June 2020 would be?
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