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

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.