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

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

X bought a machine for ₹ 25,000 on which he spent ₹ 5,000 for carriage and freight, ₹ 1,000 for brokerage of the middleman, ₹ 3,500 for installation and ₹ 500 for an iron pad. The machine is depreciated @ 10% every year on Written Down Value Basis. After three years, the machine was sold to Y for ₹ 30,500 and ₹ 500 were paid as commission to the broker through whom the sale was affected. Find out the gain (Profit) or loss on sale of Machine.

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