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On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus?.

Solutions for On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.

Here you can find the meaning of On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus? defined & explained in the simplest way possible. Besides giving the explanation of On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus?, a detailed solution for On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus? has been provided alongside types of On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus? theory, EduRev gives you an ample number of questions to practice On 1st January, 2019 Kohinoor Transport Company purchased a Bus for ` 8,00,000. On 1 st July, 2020 this bus was damaged due to fire and was completely destroyed and ` 6,00,000 were received by a cheque from the Insurance Company in full settlement on 1 st October, 2020. On 1st July, 2020 another Bus was purchased by the company for ` 10,00,000. The Company charges Depreciation @ 20% per annum under the WDV Method. Calculate the amount of depreciation for the year ended 31st March, 2021 and gain or loss on the destroyed Bus? tests, examples and also practice CA Foundation tests.