[ISC] Q 5 Solution Depreciation TS Grewal Class 11 (2023-24)
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On 1st April, 2019, Rupa & Co. Purchased a machinery for ₹ 3,00,000 and incurred ₹ 21,000 as freight and insurance, ₹ 3,000 as carriage inwards and ₹ 6,000 as installation charges. It has estimated that the machinery will have a scrap value of ₹ 30,000 at the end of the estimated useful life of four years.
Prepare Machinery Account for the first four financial years ended 31st March according to the Straight Line Method.
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