[DK Goel] Q. 18 Depreciation Solutions Class 11 CBSE (2025-26)
Solutions of Question number 18 of Depreciation chapter DK Goel class 11 CBSE (2025-26)
The Sameer Transport Company purchased 10 Trucks at ₹ 90,000 each on 1st April 2019. On 1st October 2021 one of the Trucks was involved in an accident and is completely destroyed. ₹ 56,200 was received from the Insurance company in full settlement. On the same date another truck was purchased by the company for the sum of ₹ 1,00,000. The company writes off 20% per annum on the Diminishing Balance Method. The company maintains the calendar year as its financial year. Show the Truck Account for four years ending 31st December, 2022.
[Ans. Gain on one Truck ₹ 4,180; Balance of Trucks A/c on 31st Dec., 2022 ₹ 4,28,512.]
Solution:-
