[ISC] Q 3 Solution Depreciation TS Grewal Class 11 (2023-24)

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Shiv & Co. purchased machinery for ₹ 21,000 on 1st April, 2020. The estimated useful life of the machinery is 10 years, after which its realisable value will be ₹ 1,000. Determine the amount of annual depreciation according to the Straight Line Method and prepare Machinery Account for the first three years. The books of account are closed on 31st March every year.

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