Solution of Question number 30 Depreciation TS Grewal class 11 ISC 2023-24?
M/s P & Q purchased machinery for ₹ 40,000 on 1st October, 2020. Depreciation is provided @ 10% p.a. on the diminishing balance. On 31st January, 2023, 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, 2023.