[ISC] Q 27 Solution Depreciation TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 27 Depreciation TS Grewal class 11 ISC 2022-23?

A company purchased machinery for ₹ 50,000 on 1st October, 2017. Another machine costing ₹ 10,000 was purchased on 1st December, 2018. On 31st March, 2020, the machinery purchased in 2017 was sold at a loss of ₹ 5,000. The companny charges depreciation @ 15% p.a. by Diminishing Balance Method. Accounts are closed on 31st March every year.

Preapre Machinery Accounts for 3 years.

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