[ISC] Q 16 Solution Depreciation TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 16 Depreciation TS Grewal class 11 ISC 2022-23?
Following balances exist in the books of Rama Bros.:
| 1st April, 2021 | Machinery Account Provision for Depreciation Account | 80,000 36,000 |
On 1st April, 2021, they sold a machine for ₹ 8,700. This machine was purchased for ₹ 16,000 in April, 2017. You are required to prepare Provision for Depreciation Account and Machinery Account on 31st March, 2022, the depreciation being charged @ 10% p.a. by Straight Line Method.
Solution:-
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