A company depreciates its plant at the rate of 25% per annum, straight-line method, for each month

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A company depreciates its plant at the rate of 25% per annum, straight-line method, for each month of ownership. From the following details, draw up the plant at cost account and the accumulated depreciation account for each of the years 2017, 2018, 2019 and 2020.

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You are also required to draw up the plant disposal account and relevant extracts from the balance sheet as at the end of each year.

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