[ISC] Q 11, 12 Solution Depreciation TS Grewal Class 11 (2026-27)
Solution of Question number 11 and 12 Depreciation TS Grewal class 11 ISC 2026-27.
Q. 11. A Van was purchased on 1st April, 2022 for ₹ 60,000 and ₹ 5,000 were spent on its repair and registration. On 1st October, 2023, another van was purchased for ₹ 70,000. On 1st April, 2024, the first van purchased on 1st April, 2022 was sold for ₹ 45,000 and a new van costing ₹ 1,70,000 was purchased on the same date.
Prepare Van Account from 1st April, 2022 to 31st March, 2025 charging depreciation by Straight Line Method, the rate of depreciation charged being 10% p.a. and the books are closed on 31st March every year.
Solution:-
Q. 12. A firm whose accounting year is a financial year, purchased on 1st July, 2023 machinery for ₹ 30,000. It further purchased machinery on 1st January, 2024 for ₹ 20,000 and on 1st October, 2024 for ₹ 10,000. On 1st April, 2025 one-third of the machinery installed on 1st July, 2023 became obsolete and was sold for ₹ 3,000.
Show Machinery Account in the books of the company. Machinery was depreciated by Fixed Instalment Method @ 10% p.a. What will be the value of Machinery Account on 1st April, 2026?
Solution:-
