[DK Goel] Q. 16 Depreciation Solutions Class 11 CBSE (2025-26)
Solutions of Question number 16 of Depreciation chapter DK Goel class 11 CBSE (2025-26)
A limited company purchased on 01-01-2022 a plant for ₹ 38,000 and spent ₹ 2,000 for carriage and brokerage. On 01-04-2023 it purchased additional plant costing ₹ 20,000. On 01-08-2024 the plant purchased on 01-01-2022 was sold for ₹ 25,000. On the same date, the plant purchased on 01-04-2023 was sold at a profit of ₹ 2,800. Depreciation is provided @ 10% per annum on diminishing balance method every year.
Accounts are closed on 31st December every year. Show the plant A/c for 3 years.
[Ans. Loss on Sale of Plant ₹ 5,510; Sale of IInd Plant ₹ 20,220.]
Solution:-
