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To Mr Mohit transport company purchase 10 bases of 25 lakh each on
rights of 20% of the original cost per annum the company observe it the calendar year as its financial year give the bus account for 2 years ending on 31st December 2023?
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To Mr Mohit transport company purchase 10 bases of 25 lakh each on ri...



Bus Account for 2 years ending on 31st December 2023:

Year 1 (2022):
- Total cost of 10 bases of 25 lakh each: 25,00,000 * 10 = 2,50,00,000
- 20% of the original cost per annum: 20% of 2,50,00,000 = 50,00,000
- Depreciation for the year 2022: 50,00,000

Year 2 (2023):
- Depreciated value at the beginning of the year: 2,50,00,000 - 50,00,000 = 2,00,00,000
- Depreciation for the year 2023: 20% of 2,00,00,000 = 40,00,000
- Accumulated Depreciation by the end of 2023: 50,00,000 + 40,00,000 = 90,00,000
- Book value of the buses by the end of 2023: 2,50,00,000 - 90,00,000 = 1,60,00,000

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To Mr Mohit transport company purchase 10 bases of 25 lakh each on rights of 20% of the original cost per annum the company observe it the calendar year as its financial year give the bus account for 2 years ending on 31st December 2023?
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To Mr Mohit transport company purchase 10 bases of 25 lakh each on rights of 20% of the original cost per annum the company observe it the calendar year as its financial year give the bus account for 2 years ending on 31st December 2023? 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 To Mr Mohit transport company purchase 10 bases of 25 lakh each on rights of 20% of the original cost per annum the company observe it the calendar year as its financial year give the bus account for 2 years ending on 31st December 2023? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for To Mr Mohit transport company purchase 10 bases of 25 lakh each on rights of 20% of the original cost per annum the company observe it the calendar year as its financial year give the bus account for 2 years ending on 31st December 2023?.
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