[ISC] Q 35 Solution Depreciation TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 35 Depreciation TS Grewal class 11 ISC 2022-23?

The following balances appear in the books of Satish Bros. on 1st April, 2021:

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

On 1st April, 2021, they decided to dispose off a machinery for ₹ 8,000 which was purchased on 1st April, 2018 for ₹ 20,000. Prepare Machinery Account and Accumulated Depreciation Account for 2021-22. Depreciation was charged @ 10% p.a. on Written Down Value basis.

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