[ISC] Q 20 Solution Depreciation TS Grewal Class 11 (2023-24)

Solution of Question number 20 Depreciation TS Grewal class 11 ISC 2023-24?

A boiler was purchased from abroad for ₹ 10,000. Shipping and forwarding charges ₹ 2,000, Customs Duty ₹ 7,000 and expenses of installation amounted to ₹ 1,000.

Calculate depreciation for each of the first three years @ 10% p.a. as per Diminishing Balance Method.

Solution:-