[DK Goel] Q. 24 Depreciation Solutions Class 11 CBSE (2025-26)

Solutions of Question number 24 of Depreciation chapter DK Goel class 11 CBSE (2025-26)

X Ltd. which closes its books of account every year on 31st March, purchased on 1st October, 2019 machinery costing ₹ 4,40,000. It purchased further machinery on 1st April, 2020 costing ₹ 5,20,000. On 30th June, 2021, the first machine was sold for ₹ 2,50,000 and on the same date a fresh machine was installed at a cost of ₹ 3,00,000. On 1st July 2022, the second machine purchased on 1st April 2020 was also sold for ₹ 3,25,000.

[Ans. Balance of Plant A/c on 31st March, 2023 ₹ 14,20,000; Balance of Provision for Depreciation A/c on 31st March, 2023 ₹ 2,78,880; Loss on sale of Plant ₹ 47,420.]

Solution:-