[ISC] Q 30 Solution Depreciation TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 30 Depreciation TS Grewal class 11 ISC 2022-23?

M/s P & Q purchased machinery for ₹ 40,000 on 1st October, 2017. Depreciation is provided @ 10% p.a. on the diminishing balance. On 31st January, 2020, one-fourth of the machinery was found unsuitable and was sold for ₹ 5,600. On the same date, new machinery for ₹ 15,000 was purchased. Write up the Machinery Account for the three years ending on 31st March, 2020.

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