[ISC] Q 31, 32 Solution Depreciation TS Grewal Class 11 (2026-27)
Solution of Question number 31 and 32 Depreciation TS Grewal class 11 ISC 2026-27.
Q. 31. Astha Engineering Works purchased a machine on 1st July, 2022 for ₹ 1,80,000 and spent ₹ 20,000 on its installation.
On 1st April, 2023, it purchased another machine for ₹ 2,40,000. On 1st October, 2024, the machine purchased on 1st July, 2022 was sold for ₹ 1,45,000. On 1st January, 2025, another machine was purchased for ₹ 4,00,000. Prepare Machinery Account for three years after charging depreciation @ 10% p.a. by Diminishing Balance Method. Accounts are closed on 31st March every year.
Solution:-
Q. 32. Arvind whose accounting year is the financial year, purchased on 1st July, 2023 machinery costing ₹ 30,000. If further purchased machinery on 1st January, 2024 costing ₹ 20,000 and on 1st October, 2024 costing ₹ 10,000.
On 1st April, 2025, one-third of the machinery installed on 1st July, 2023 became obsolete and was sold for ₹ 3,000.
Show how the Machinery Account would appear in the books of company if depreciation is charged @ 10% p.a. by Written Down Value Method.
Solution:-
