Following balance of asset is taken from the books of Dhruv as on 1st April, 2024: Plant and Machinery – ₹ 12,00,000

Following balance of asset is taken from the books of Dhruv as on 1st April, 2024:

Plant and Machinery – ₹ 12,00,000

Depreciation is to be provided on Plant and Machinery @ 10% p.a.

Pass the adjusting entry and show the accounting treatment of depreciation in the final accounts for the year ending 31st March, 2025.