[ISC] Q 38 Solution Depreciation TS Grewal Class 11 (2023-24)

Solution of Question number 38 Depreciation TS Grewal class 11 ISC 2023-24?

Sharma & Co. whose books are closed on 31st March, purchased machinery for ₹ 1,50,000 on 1st April, 2020, additional machinery was acquired for ₹ 50,000 on 1st October, 2020. Certain machinery which was purchased for ₹ 50,000 on 1st October, 2020 was sold for ₹ 40,000 on 30th Septemeber, 2019.

Prepare Machinery Account and Accumulated Depreciation Account for all the years up to the year ended 31st March, 2023. Depreciation is charged @ 10% p.a. on cost following straight Line Method. Also show the Machinery Disposal Account.

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