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Question
From the following information of Best Marketing Ltd. for the year ended 31st March, 2019 prepare Note to Accounts on Depreciation and Amortisation Expenses:
Depreciation on: Building ₹ 15,500; Plant and Machinery ₹ 25,000; Computers ₹ 60,000; Goodwill written off ₹ 7,500; Patents written off ₹ 12,500.
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Solution
NOTES TO ACCOUNTS
|
Note No. |
Particulars |
Amount (₹) |
|
| Depreciation and Amortisation Expenses | |||
|
|
Depreciation |
||
|
Building |
15,500 |
1,00,500 |
|
| Plant and Machinery | 25,000 | ||
|
Computers |
60,000 |
||
|
|
Amortisation |
||
|
Goodwill written off |
7,500 |
20,000 |
|
|
Patents written off |
12,500 |
||
|
1,20,500 |
|||
| Amount to be shown in the Statement of Profit and Loss | 1,20,500 | ||
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