[ISC] Q 39, 40 Solution Depreciation TS Grewal Class 11 (2026-27)

Solution of Question number 39 and 40 Depreciation TS Grewal class 11 ISC 2026-27.

Q. 39. Sugan & Co. whose books are closed on 31st March, purchased machinery for ₹ 1,50,000 on 1st April, 2023, additional machinery was acquired for ₹ 50,000 on 1st October, 2023. Certain machinery which was purchased for ₹ 50,000 on 1st October, 2023 was sold for ₹ 40,000 on 30th Septemeber, 2025.

Prepare Machinery Account and Accumulated Depreciation Account for all the years up to the year ended 31st March, 2026. Depreciation is charged @ 10% p.a. on cost following straight Line Method. Also show the Machinery Disposal Account.

Solution:-

Q. 40. On 1st April, 2023, Rahul Traders purchased machinery for ₹5,00,000 and spent 1,00,000 on its installation. On 1st October, 2025, 1/3rd of machinery purchased on 1st April, 2023 was sold for 70,000 and a new machinery at the cost of 4,00,000 was purchased on the same date.The company has adopted the written down value method of providing depreciation @ 10% p.a. on the machinery.

You are required to show: (i) Machinery Account; (ii) Machinery Disposal Account and (ii) Provision for Depreciation Account for the period of three accounting years ended 31st March, 2026.

Solution:-