[CBSE] Q 15, Q 16 Depreciation Solutions TS Grewal Class 11 (2025-26)
Solution of Question number 15 and 16 of the Depreciation chapter TS Grewal Class 11 CBSE Board for 2025-26 Session.
Q. 15. A company whose accounting year is a financial year, purchased on 1st July, 2020 machinery costing ₹ 30,000.
It purchased further 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 Machinery Account would appear in the books of the company. It being given that machinery was depreciated by Fixed Instalment Method at 10% p.a. What would be the value of Machinery Account on 1st April, 2023?
[Depreciation on 31st March,: 2021 – ₹ 2,750; 2022 – ₹ 5,500; and 2023 – ₹ 5,000; Loss on Sale of Machinery – ₹ 5,250; on 1st April, 2023: Balance ₹ 38,500, i.e., in Machinery I (2/3) – ₹ 14,500; Machinery II – ₹ 15,500 and Machinery III – ₹ 8,500.]
Solution:-
Q. 16. On 1st July, 2019, OM Ltd. purchases second-hand machinery for ₹ 20,000 and spends ₹ 3,000 on reconditioning and installing it.
On 1st January, 2020, the firm purchases new machinery worth ₹ 12,000. On 30th June, 2021, the machinery purchased on 1st January, 2020, was sold for ₹ 8,000 and on 1st July, 2021, a fresh plant was installed.
Payments for this plant was to be made as follows:
| 1st July, 2021 | ₹ 5,000 |
| 30th June, 2022 | ₹ 6,000 |
| 30th June, 2023 | ₹ 5,500 |
Payments in 2022 and 2023 include interest of ₹ 1,000 and ₹ 500 respectively.
The company writes off 10% p.a. on the original cost. The accounts are closed every year on 31st March. Show the Machinery Account for the year ended 31st March, 2022.
[Balance in Machinery A/c – ₹ 30,550.]
Solution:-
Following is the list of all solutions of the depreciation chapter of ts Grewal CBSE for the (2025-26) session.
