Question - 15

A plant is purchased for Rs. 1,80,000 on 1st January, 1998 it is estimated that the residual value of this plant at the end of its working life of 10 years will be Rs. 61,220 Depreciation is to be provided at 10% p.a. on diminishing balance method.
prepare plant account for 4 years assuming that the books are closed on 31st December every year.