Setting-up a devaluation store

Reference no: EM13904489

An organization bought 3 years, lease on first April, 2008 for Rs. 50,000. It is chosen to accommodate the substitution of the lease toward the end of 3 years by setting-up a devaluation store. It is normal that speculation will get at 12% p.a. Sinking store tables demonstrates that Re. 0.296349 contributed every year will create Re.1 toward the end of 3 years at 12% for every annum. The ventures are sold for Rs. 28,500.

Give Lease Account, Depreciation Fund Account and Depreciation Fund Investments Account.

Reference no: EM13904489

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The vital record accounts : Sinking store tables demonstrate that Re. 0.2092 contributed every year will deliver Re. 1 toward the end of 4 years at 12%.Demonstrate the vital record accounts in the books of Glory Ltd. for every one of the years.

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Sinking store tables demonstrate : Sinking store tables demonstrates that Re. 0.296349 contributed every year will create Re.1 toward the end of 3 years at 12% for every annum. The ventures are sold for Rs. 28,500.

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Setting-up a devaluation store : An organization bought 3 years, lease on first April, 2008 for Rs. 50,000. It is chosen to accommodate the substitution of the lease toward the end of 3 years by setting-up a devaluation store.

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