[ISC] Q 5 Solution Depreciation TS Grewal Class 11 (2022-23)

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Are you looking for the solution of Question number 5 Depreciation TS Grewal class 11 ISC 2022-23?

On 1st April, 2018, Amrit purchased office furniture for ₹ 55,000. It is estimated to have useful life of 10 years at the end of which it can be sold for ₹ 5,000. Additions were made on 1st April, 2019 and 1st October, 2021 costing ₹ 9,500 and ₹ 8,400 (Residual values ₹ 500 and ₹ 400 respectively).

Prepare Furniture Account for the first four years ended 31st March, if depreciation is written off according to the Straight Line Method.

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