[DK Goel] Q. 17 Depreciation Solutions Class 11 CBSE (2025-26)
Solutions of Question number 17 of Depreciation chapter DK Goel class 11 CBSE (2025-26)
On April 01, 2019 Jain & Sons purchased a second hand plant costing ₹ 2,00,000 and spent ₹ 10,000 on its overhauling. He also spent ₹ 5,000 on transportation and installation of the plant. It was decided to provide for depreciation @ 20% on written down value.
The plant was destroyed by fire on Oct. 31, 2022 and an insurance claim of ₹ 50,000 was admitted by the insurance company. Prepare plant account assuming that the company closes its books on March 31, every year.
[Ans. Loss by Fire ₹ 47,237.]
Solution:-
