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Leasehold land

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07 September 2011 sir please suggest me.........accounting treatment.

Q.leasehold land shown in trial balance debit balance Rs. 20,000.
adjustment,
leasehold land was purchased during the year.on the date of purchase the unexpired period of lease was 5 years.

10 September 2011 Check out the accounting standard 17

03 October 2011 well the depreciation to be charged on the lease hold asset on straight line basis and the yearly depreciation will be Rs 4,000




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