[ISC] Q 34 Solution Depreciation TS Grewal Class 11 (2023-24)

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Solution of Question number 34 Depreciation TS Grewal class 11 ISC 2023-24?

The following balances appear in the books of Satish Bros. on 1st April, 2022:

Machinery Account
Accumulated Depreciation Account
₹ 1,00,000
₹ 36,000

On 1st April, 2022, they decided to dispose off a machinery for ₹ 8,000 which was purchased on 1st April, 2019 for ₹ 20,000. Prepare Machinery Account and Accumulated Depreciation Account for 2022-23. Depreciation was charged @ 10% p.a. on written Down Value basis.


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