[CBSE] Q 7, Q 8 Depreciation Solutions TS Grewal Class 11 (2025-26)
Solution of Question number 7 and 8 of the Depreciation chapter TS Grewal Class 11 CBSE Board for 2025-26 Session.
Q. 7. On 1st April, 2019, furniture costing ₹ 55,000 was purchased. It is estimated that its life is 10 years at the end of which it will be sold for ₹ 5,000.
Additions are made on 1st April, 2020 and 1st October, 2022 to the value of ₹ 9,500 and ₹ 8,400 (Residual values ₹ 500 and ₹ 400 respectively). Show the Furniture Account for the first four years, if Depreciation is written off according to the Straight Line Method.
[Balance of Furniture A/c on 31st March, 2023 – ₹ 49,800.]
[Hint: Depreciation: 2019 – 20 = ₹ 5,000; 2020 – 21 = ₹ 5,900; 2021 – 22 = ₹ 5,900; 2022 – 23 = ₹ 6,300.]
Solution:-
Q. 8. On 1st Apirl, 2016, a firm purchased a machinery for ₹ 1,05,000. The scrap value was estimated to be ₹ 5,000 at the end of asset’s 10 year’s life.
Straight Line Method of depreciation was used. The accounting year ends on 31st March every year. The machine was sold for ₹ 6,000 on 31st March, 2023. Calculate the following:
(i) The Depreciation expense for the year ended 31st March, 2017.
(ii) The net book value of the asset on 31st March, 2021.
(iii) The gain or loss on sale of the machine on 31st March, 2023.
Solution:-
i) The depreciation expenses in the first year
= (₹ 10,5000 – 5000)/10 = ₹ 10,000
ii) The net book value of the asset on 31st March 2021
= ₹ 1,05,000 – 10,000 ✕ 5 = ₹ 55,000
iii) The loss on the sale of the asset on 31st March 2023
= ₹ 1,05,000 – 1000 ✕ 7 – 600 = ₹ 29,000
Following is the list of all solutions of the depreciation chapter of ts Grewal CBSE for the (2025-26) session.
