[ISC] Q 25 Solution Depreciation TS Grewal Class 11 (2023-24)

Share your love

Solution of Question number 25 Depreciation TS Grewal class 11 ISC 2023-24?

A company had purchased machinery for ₹ 1,00,000 including a boiler of ₹ 10,000. This Machinery Account for the first four years was credited for depreciation on the Reducing Balance Method @ 10% p.a. During the fifth year, i.e., the current year, the boiler becomes useless on account of damage to its parts. The damaged boiler is sold for ₹ 2,000 which amount is credited to the Machinery Account.

Prepare Machinery Account for the current year, adjusting therein the cash received and the loss suffered on the damaged boiler and the depreciation of Machinery for the current year.


Share your love
Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

Articles: 5218

Leave a Reply

Your email address will not be published. Required fields are marked *


Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.


error: Content is protected !!