A company has acquired a lease of a cinema building for a term of 5 years by payment of Rs. 4,00,000. It is proposed to depreciate the lease by the annuity method, charging 5% p.a. Show the Ledger Account of asset during the period of the lease. Reference to the Annuity Table shows that the amount for Rs. 1 for 5 years at 5% is Re. 0.230975. Calculations are to be made to the nearest rupee.
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