[CBSE] Q 11 Depreciation Solutions TS Grewal Class 11 (2022-23)

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Are you looking for a solution of Question number 11 of the Depreciation chapter TS Grewal Class 11 CBSE Board for the 2022-23 Session?

A company whose accounting year is a financial year, purchased on 1st July, 2019 machinery costing ₹ 30,000.

It purchased further machinery on 1st January, 2020 costing ₹ 20,000 and on 1st October, 2020 costing ₹ 10,000.

On 1st April, 2021, one-third of the machinery installed on 1st July, 2019 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, 2022?

[Depreciation on 31st March,: 2020 – ₹ 2,750; 2021f – ₹ 5,500; and 2022 – ₹ 5,000; Loss on Sale of Machinery – ₹ 5,250; on 1st April, 2022: Balance ₹ 38,500, i.e., in Machinery I (2/3) – ₹ 14,500; Machinery II – ₹ 15,500 and Machinery III – ₹ 8,500.]

Solution:-

Following is the list of all solutions of depreciation chapter of ts Grewal CBSE for the 2022-23 session.

S.NSolutions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NSolutions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NSolutions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
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