[ISC] Q 15, 16 Solution Depreciation TS Grewal Class 11 (2026-27)
Solution of Question number 15 and 16 Depreciation TS Grewal class 11 ISC 2026-27.
Q. 15. On 1st July, 2023, Mercury Traders purchased second-hand machinery for * 20,000 and spent %3,00 on
reconditioning and installing it. On 1st January, 2024, the firm purchased new machinery of ? 12,000.On 30th June, 2025, the machinery purchased on 1st January,2024 was sold for * 8,000 and on 1st July, 2025. a fresh plant was installed. Payment for this plant was to be made as follows:
1st July, 2025 – ₹ 5,000
30th June, 2026 – ₹ 6,000
30th June, 2027 – ₹ 5,500
The company writes off 10% on the original cost. The accounts are closed every year on 31st March. Show Machinery Account for the year ended 31st March, 2026.
Solution:-
Q. 16. Sanjay Traders purchased four machines of 25,000 each on 1st July, 2022. On 30th September, 2023. the firm sold one of the machines purchased on 1st July, 2022 at a loss of 2,500. The firm sold another machine on 31st December, 2024 at a profit of 3,750. A new machine was purchased on 30th September, 2025 for 31,250. Prepare Machinery Account for 4 years, if books of account are closed on 31 st March each year and depreciation is charged @ 10% p.a. as per Straight Line Method.
Solution:-
