[ISC] Q 28 Solution Depreciation TS Grewal Class 11 (2023-24)

Solution of Question number 28 Depreciation TS Grewal class 11 ISC 2023-24?

On 1st January, 2019, Ajit Transport Company purchased a truck for ₹ 4,00,000. On 1st July, 2020, this truck was involved in an accident and was destroyed and ₹ 3,00,000 were received from the Insurance Company in full settlement. On the same date another truck was purchased by the company for ₹ 5,00,000. The company writes off depreciation @ 20% per annum by Written Down Value Method. Show the Truck Account for the first three years ending 31st March.

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