[ISC] Q 1 Solution Depreciation TS Grewal Class 11 (2023-24)
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A machine is purchased for ₹ 90,000. Expenses incurred on its cartage and installation are ₹ 10,000. The residual value at the end of its expected useful life of 10 years is estimated at ₹ 20,000. Calculate the amount of depreciation by Straight Line Method for the first year ending 31st March, 2023, if the machine is purchased on:
(a) 1st April, 2022.
(b) 1st July, 2022.
(c) 1st October, 2022
(d) 1st January, 2023
Solution:-
