[ISC] Q 34 Solution Depreciation TS Grewal Class 11 (2023-24)
Solution of Question number 34 Depreciation TS Grewal class 11 ISC 2023-24?
The following balances appear in the books of Satish Bros. on 1st April, 2022:
| Machinery Account Accumulated Depreciation Account | ₹ 1,00,000 ₹ 36,000 |
On 1st April, 2022, they decided to dispose off a machinery for ₹ 8,000 which was purchased on 1st April, 2019 for ₹ 20,000. Prepare Machinery Account and Accumulated Depreciation Account for 2022-23. Depreciation was charged @ 10% p.a. on written Down Value basis.
Solution:-
