[ISC] Q 1, 2 Solution Depreciation TS Grewal Class 11 (2026-27)
Solution of Question number 1 and 2 Depreciation TS Grewal class 11 ISC 2026-27.
Q. 1. Shiv Ltd. purchased a machine from Innovative Enterprises on 1st October, 2025 for ₹ 7,50,000. Company spent ₹ 12,500 on loading and unloading and ₹ 50,000 on installation of the machinery. Shiv Ltd. paid the amount due to Innovative Enterprise on 15th October, 2025.
Calculate the amount to be debited to Machinery Account and pass the necessary Journal entries.
Solution:-
Q. 2. On 1st April, 2026, Rama Bros. purchased a machinery for1,37,500 and spent 7,500 on its installation and 5,000 on its cartage. Its life was estimated to be 10 years and the scrap value was estimated as 25,000 the end of its life.
Calculate the amount of annual depreciation and the rate of depreciation.
Solution:-
