[CBSE] Q 11 Depreciation Solutions TS Grewal Class 11 (2023-24)
Are you looking for a solution of Question number 11 of the Depreciation chapter TS Grewal Class 11 CBSE Board for 2023-24 Session.
A company whose accounting year is a financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000.
It purchased further machinery on 1st January, 2021 costing ₹ 20,000 and on 1st October, 2021 costing ₹ 10,000.
On 1st April, 2022, one-third of the machinery installed on 1st July, 2020 became obsolete and was sold for ₹ 3,000.
Show how Machinery Account would appear in the books of the company. It being given that machinery was depreciated by Fixed Instalment Method at 10% p.a. What would be the value of Machinery Account on 1st April, 2023?
[Depreciation on 31st March,: 2021 – ₹ 2,750; 2022 – ₹ 5,500; and 2023 – ₹ 5,000; Loss on Sale of Machinery – ₹ 5,250; on 1st April, 2023: Balance ₹ 38,500, i.e., in Machinery I (2/3) – ₹ 14,500; Machinery II – ₹ 15,500 and Machinery III – ₹ 8,500.]
Solution:-
Following is the list of all solutions of the depreciation chapter of ts Grewal CBSE for the 2023-24 session.
| S.N | Solutions |
| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
| 9 | Question – 9 |
| 10 | Question – 10 |
| S.N | Solutions |
| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
| 14 | Question – 14 |
| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
| S.N | Solutions |
| 21 | Question – 21 |
| 22 | Question – 22 |
| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
