[ISC] Q 37, 38 Solution Depreciation TS Grewal Class 11 (2026-27)
Solution of Question number 37 and 38 Depreciation TS Grewal class 11 ISC 2026-27.
Q. 37. Following balances exist in the books of Amrit as on 1st April, 2022:
| 2022 1st April | Machinery A/c Provision for Depreciation A/c | 60,000 36,000 |
On 1st April, 2022, they sold a machinery for ₹ 8,400 which was purchased on 1st April, 2018 for ₹ 16,000.
You are required to prepare the Machinery A/c, Provision for Depreciation A/c and Machinery Disposal A/c for the year ended 31st March, 2023. Depreciation was charged at 10% on Cost following SLM.
Solution:-
Q. 38. On 1st October, 2023, X Ltd. purchased machinery for ₹ 2,50,000. A part of machinery which was purchased for ₹ 20,000 on 1st October, 2023 became obsolete and was sold on 1st January, 2026 (having a book value ₹ 17,100 on 1st April, 2025) for ₹ 2,000. Depreciation is charged @ 10% annually on written down value. Prepare Machinery Disposal Account and also show your workings. The books being closed on 31st March, of every year.
Solution:-
