[ISC] Q 31 Solution Depreciation TS Grewal Class 11 (2023-24)
Solution of Question number 31 Depreciation TS Grewal class 11 ISC 2023-24?
A company whose accounting year is the financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000. If further purchased 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 the Machinery Account would appear in the books of company if depreciation is charged @ 10% p.a. by Written Down Value Method.
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