[ISC] Q 35, 36 Solution Depreciation TS Grewal Class 11 (2026-27)
Solution of Question number 35 and 36 Depreciation TS Grewal class 11 ISC 2026-27.
Q. 35. On 1st June, 2019 Popular Ltd. purchased a plant for ₹ 9,00,000. On 1st December, 2021, a part of the plant purchased on 1st June, 2019 for ₹ 1,50,000 was sold for ₹ 60,000. On 1st January, 2022 a new plant was purchased for ₹ 3,00,000. Depreciation is provided @ 10% p.a. by Diminishing Balance Method. The books are closed on 31st March every year. Prepare Plant Account and Provision for Depreciation Account for the relevant years.
Solution:-
Q. 36. Prepare Asset Disposal Account from the following details:
(i) Original Cost of the machinery sold = ₹ 2,50,000.
(ii) Accumulated Depreciation on it = ₹ 1,00,000
(iii) Net Sale Proceeds = 1,25,000.
Solution:-
