In the trial balance on March 31, 2010 building appeared at a gross value at 1,20,000

Question:

In the trial balance on March 31, 2010 building appeared at a gross value at ₹ 1,20,000 and provision for depreciation account at ₹ 12,000 in the trial balance. The company has the practice of charging depreciation @ 10% as per written down value basis.

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