The leasehold property Acquired on 1-4-2000 and at the B/s date the lease has further six years to run. The cost Should be Written Off over the term of the lease by equal anuual charges . To date 7000 per annum had been written off.
Leasehold property in B/S date as on 31-3-2010 : 1,60,000
Less:Dep 70,000
90,000
please anyone explain me this part
for ur inf... this problem is MPV (fifth edition 2011)
page no.363
problem No. 33
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