[ISC] Q 24 Solution Depreciation TS Grewal Class 11 (2022-23)
Are you looking for the solution of Question number 24 Depreciation TS Grewal class 11 ISC 2022-23?
A firm whose books are closed on 31st March each year, purchased a machinery for ₹ 50,000 on 1st April, 2015. Additional machinery was acquired for ₹ 10,000 on 1st October, 2016. An item of machinery purchased for ₹ 10,000 on 1st April, 2015 was sold for ₹ 5,000 on 31st July, 2018.
Prepare the Machinery Account for 4 years ending 31st March, 2019, write off depreciation @ 10% p.a. by Written Down Value Method.
Solution:-
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