[DK Goel] Q. 15 Depreciation Solutions Class 11 CBSE (2025-26)

Solutions of Question number 15 of Depreciation chapter DK Goel class 11 CBSE (2025-26)

Ashoka Ltd. bought a machine on 1st April, 2020 for ₹ 2,40,000 and spent ₹ 4,000 on its carriage and ₹ 6,000 towards installation cost. On 1st July, 2021 it purchased a second hand machinery for ₹ 75,000 and spent ₹ 25,000 on its overhauling. ON 1st January, 2023 it decided to sell the machinery bought on 1st April, 2020 at a loss of ₹ 20,000. It bought another machine on the same date for ₹ 40,000. Company decided to charge depreciation @ 15% p.a. on written down value method. Prepare machinery account for 3 years. Books are closed each year on 31st March.

[Ans. Sale price of Machine ₹ 1,40,305; Balance of Machine A/c on 31st March, 2023 ₹ 1,13,938]

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